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Bitcoin Spikes 6 Percent in Minutes as Elon Musk Confirms That Tesla Still Holds It

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Mon, 17/05/2021 - 6:12
Bitcoin Spikes 6 Percent in Minutes as Elon Musk Confirms That Tesla Still Holds It
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In his latest tweet, Tesla CEO Elon Musk has confirmed that the e-car manufacturer hasn't sold any Bitcoin as of today.  

As reported by U.Today, Musk posted an ambiguous one-word reply on Sunday that many believed could indicate that Tesla had cashed out its holdings (or intended to do so). 

The billionaire has soured on Bitcoin after a bitter spat with the community, recently criticizing it as centralized and predicting that meme cryptocurrency Dogecoin could win against it.

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Tesla stopped accepting Bitcoin for vehicle purchases last week but claimed that it would keep the top cryptocurrency on its balance sheet.            

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Bitcoin has instantly trimmed some of its recent losses, spiking over 6 percent in mere minutes on Musk's tweet. The flagship coin is currently trading above $45,000.

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Image by tradingview.com

Earlier today, the cryptocurrency plunged to its lowest level since Feb. 8.             

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