Elon Musk is at it again, tweeting about the cryptic Bitcoin split.
Elon Musk sent out a series of cryptic tweets concerning bitcoin, implying that the billionaire has called it quits with the digital currency.
At the time of writing, Bitcoin was down roughly 5.5 percent, following two strong price drops that began on Thursday night. The cryptocurrency is now trading at roughly $36,450, with a market valuation of roughly $680 billion (the total value of bitcoin’s circulating supply).
Musk, the CEO of SpaceX and Tesla, tweeted after the token had already plummeted in value a little, prompting another fast drop. Musk tweeted the bitcoin symbol, a broken heart emoji, and a romantic breakup meme at 9 p.m. EDT on Thursday. He followed up with another a few hours later.
June 4, 2021 — Elon Musk (@elonmusk)
It’s unclear whether Musk’s tweets indicate that he’s made any changes to his personal bitcoin portfolio or Tesla’s assets, but twitter users were curious.
“So it’s over?” one person wrote. Is Tesla planning to sell its bitcoin assets or preserve them?”
Other Twitter users slammed Musk’s breakup remarks, claiming that the entrepreneur wields too much power in the Bitcoin market.
“Please try to tweet properly and comprehend that you are messing with people’s lives,” one person wrote.
I’m not a big fan of Twitter alerts, but I had no choice but to enable them for your account because I’d lose money half the time you tweet. All of this is to say, please tweet responsibly and be aware that you are interfering with people’s life.
June 4, 2021 — Patrick Byrnes (@shadowstripes)
After appearing to hint that Tesla had sold its bitcoin portfolio last month, Musk prompted suspicion that it had. “Bitcoiners are going to slap themselves next quarter when they find out Tesla liquidated the remainder of its holdings,” claimed Twitter user @CryptoWhale. “Indeed,” Musk said.
“To clarify speculation, Tesla has not sold any bitcoin,” he subsequently tweeted.
Tesla, Musk’s electric car company, made headlines earlier this year after it reported a $1.5 billion investment in bitcoin. In an SEC filing, the company announced the transaction.
Tesla also said it would start accepting bitcoin as payment, allowing people to. This is a condensed version of the information.