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Sharing the latest tweet status on his personal page, Musk refuted an article that he was a market manipulator when he announced that Tesla bought $1.5 billion in BTC then sold a large portion of it .
According to Musk: Tesla only sells 10% of BTC and will accept Bitcoin when it is mined with clean energy
Tesla will continue to accept Bitcoin when it is mined with clean energy
In an interview with Bruce Whitfield at this week’s Money Show, Wierzycka, one of South Africa’s richest women and CEO of financial services firm Sygnia, said her recent social media activity Musk on the price of Bitcoin (BTC) should have made him the subject of an investigation by the US Securities and Exchange Commission, or SEC, if Bitcoin were more than that of a traditional company. The SEC previously accused the Tesla CEO of fraud for releasing false and misleading tweets in 2018, and is rumored to be investigating him for his pro-Dogecoin (DOGE) tweets. him earlier this year.
However, Musk corrected the article when responding to the status shared by cointelegraph:
“This is not correct. Tesla only sells ~10% of its holdings to confirm BTC can be liquidated easily without the market moving.
Once there is confirmation of reasonable clean energy use (~50%) by miners with a positive future trend, Tesla will continue to allow Bitcoin transactions.”
This status line of the Tesla boss immediately attracted a lot of likes and comments from Twitter users
Even Changpeng Zhao (CZ) retweeted Musk’s tweet: How about confirming tweet responsibly “without moving market”, too?
Bitcoin Soars After Elon Musk Says Tesla Will Accept Crypto As Miners Use Clean Energy
Shortly after Musk announced Tesla would accept Bitcoin again, the coin jumped 5.1% to $37,560.63 at 18:10 GMT (2:10 p.m. ET) on Sunday, an additional $1,817.87 over with the previous close.
The billionaire said that he believes crypto has a promising future, but it can’t come at a hefty price tag for the environment.
In February, Tesla revealed it had purchased $1.5 billion in bitcoin and would accept it as a form of car payment.
He announced in May that Tesla would no longer accept bitcoin for car purchases, citing long-standing environmental concerns about the rapid reversal in the company’s stance on crypto. . Bitcoin fell more than 10% after his tweet.
It seems that after all contributing to the market price movement, the Tweets of this top billionaire have always had a profound impact on the crypto community.
At a certain angle, we can see, it is just a personal opinion, not for PR purposes or to manipulate the price of any cryptocurrency, but it is the belief and follow of many Bitcoin holders. or volatile investors have caused the market to rise and fall continuously.
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