For real! Elon Musk Threatens to Sell All Bitcoin Holdings? - Kakiforex | Forex markets for the smart money. For real! Elon Musk Threatens to Sell All Bitcoin Holdings? For real! Elon Musk Threatens to Sell All Bitcoin Holdings?

May 17, 2021

For real! Elon Musk Threatens to Sell All Bitcoin Holdings?

 While the Bitcoin (BTC) community is still mourning the Twitter tweets uploaded by Elon Musk over the course of the day, the Tesla founder's allegorical comments mixed with threats.


CryptoWhale last night was of the view that Tesla would sell all its Bitcoin holdings because of the negative sentiment received by Musk and unexpectedly the founder of the electric vehicle did not deny but instead said yes - "Indeed".


Indeed


- Elon Musk (@elonmusk) May 16, 2021


It started after Tesla decided to stop using Bitcoin as a payment medium for their products because token mining was detrimental to the environment.



As a result, the crypto market turned critical on May 13, inviting mixed reactions among investors and analysts of the sector.


Not only that, the figure also casts his views on Bitcoin being ‘centralized’-controlled by a majority of crypto mining firms after being criticized by PeterMcCormack for his actions being seen as inviting ‘reinforcements’ against both Dogecoin (DOGE) and Bitcoin.


Hey cryptocurrency “experts”, ever heard of PayPal? It’s possible… maybe… that I know than you realize about how money works.


- Elon Musk (@elonmusk) May 16, 2021


However as an alternative to Bitcoin, it is not impossible if Musk chooses DOGE based on several recent collections of Musk tweets showing the potential of the shiba inu -based currency to emerge as Tesla’s choice in the near future.


At the time of writing, BTC was trading at $ 45,101 with a decline of over 23% in a week while DOGE posted a value of $ 0.49, a decline of almost 8% in 24 hours.