Elon Musk quipped, Is There Still Hope For Bitcoin (BTC)? - Kakiforex.com - Financial Market Media No. 1 in the World Elon Musk quipped, Is There Still Hope For Bitcoin (BTC)? Elon Musk quipped, Is There Still Hope For Bitcoin (BTC)?

May 21, 2021

Elon Musk quipped, Is There Still Hope For Bitcoin (BTC)?

 As crypto investors were hit with uneasiness by the continuing downturn in the market, Elon Musk uploaded a metaphorical tweet, raising questions among his followers.


The Tesla founder briefly uploaded: ‘Tesla has diamond hands’ and received over 380 thousand likes and over 65 thousand replies.


Tesla has


- Elon Musk (@elonmusk) May 19, 2021


Based on his allusion, many think and agree that the electric vehicle manufacturer will not sell all the Bitcoin (BTC) it owns.



Perhaps the news has somewhat eased the emotions of crypto investors as the market becomes increasingly critical after China blocked any crypto -related services offered by financial institutions and payment companies in the country.


Not only that, earlier this week there was speculation regarding Musk threatening to sell all his Bitcoin holdings as he was overwhelmed by negative reactions from the crypto community after Tesla announced it would no longer accept BTC as a payment medium in its product transactions.


However, the speculation was denied by Musk.


The crypto king recorded a tragic decline last night, hitting its lowest level since January, $ 30,000 as predicted.


To make matters worse, it also dragged other cryptocurrencies to more critical levels. For example Ethereum (ETH) is down almost 27% in 24 hours with its current value at $ 2,359 and XRP trading at $ 1.04 down up 32%.


At the time of writing, BTC is trading at $ 37,639, down nearly 9% in 24 hours. The currency is down more than 40% since an all -time record high (ATH) on April 14, $ 64,804.