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November 27, 2022
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ElonMusk implies that Tesla can sell or has already sold Bitcoin stakes

Price plummeted quickly below the $ 45,000 range

Elon Musk hinted in a Twitter conversation on Sunday that Tesla may sell or sell its holdings in Bitcoin.

It all started with a tweet from one person using the @CryptoWhale identifier, who said: “Bitcoiners will slap each other next quarter when they discover that Tesla has disposed of the rest of its #Bitcoin assets. With the amount of hate @elonmusk is getting, I wouldn’t blame him… ”

Tesla’s CEO replied “Certainly”.

Musk has responded to several different Twitter users who are criticizing his position on the cryptocurrency.

On May 12, Musk tweeted that, although the company was suspending Bitcoin for the purchase of cars, it would not sell any Bitcoin.

Before loved, now …

In a recent tweet, Tesla CEO Elon Musk said the company will not continue to accept Bitcoin as payment for its vehicles, citing the cryptocurrency’s energy expenditure.

Musk wrote:

“We are concerned about the rapid increase in the use of fossil fuels for mining and Bitcoin transactions, especially coal, which has the worst emissions of any fuel.”

Source: Bloomberg

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