Advertisement
AD

Main navigation

Elon Musk Threatens to Dump All of Tesla's Bitcoin Holdings, Pushing BTC to Multi-Month Low

Advertisement
Sun, 16/05/2021 - 19:28
Elon Musk Threatens to Dump All of Tesla's Bitcoin Holdings, Pushing BTC to Multi-Month Low
Cover image via stock.adobe.com
Read U.TODAY on
Google News

Tesla CEO Elon Musk is now threatening to remove Bitcoin from Tesla's balance sheet after days of arguing with the disgruntled community. 

Advertisement

In a reply to a shady Twitter account that warns Bitcoiners about the e-car manufacturer potentially dumping its holdings in the largest cryptocurrency due to all the hate the billionaire is getting, Musk replied that it could "indeed" happen. 

Musk
Image by @elonmusk

Related
Tom Lee Predicts $125,000 Bitcoin in 2021 Despite Tesla's U-Turn

In a separate tweet, Musk claims that Bitcoin is highly centralized because it is controlled by a handful of mining companies: 

Bitcoin is actually highly centralized, with supermajority controlled by handful of big mining (aka hashing) companies. A single coal mine in Xinjiang flooded, almost killing miners, and Bitcoin hash rate dropped 35%. Sound “decentralized” to you?

Bitcoin dipped to $45,127, the lowest level since March 1, shortly after Musk's warning.        

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD