The outspoken proponents of Bitcoin are having a hard time due to Elon Musk’s tweets. First, Musk’s announcement last week that Tesla won’t accept payment in Bitcoin, triggered a 17% slide in the world’s most popular cryptocurrency. Second, Tesla CEO has taken it upon himself to counter pro-Bitcoin arguments through environmental questions attached to the Bitcoin mining.
The price of Bitcoin traded below $45,000 on Monday after a tweet by Tesla CEO Elon Musk, a supporter of cryptocurrency, suggested Tesla may be considering or may have sold off its bitcoin holdings.
Musk’s tweet was in response to an unverified Twitter account called @CryptoWhale, which said, “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings. With the amount of hate @elonmusk is getting, I wouldn’t blame him…”.
Musk replied “indeed” without specifying whether Tesla had sold off its bitcoin holdings or that he simply agreed with the sentiment that he faced criticism.