Bitcoin lost 16% after Elon Musk’s comment on Twitter, suggesting that Tesla might have sold off its Bitcoin holdings. On May 16th, a crypto analyst named CryptoWhale insinuated in a tweet that Tesla had sold its Bitcoin holdings. According to CryptoWhale, “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their Bitcoin holdings.”
In response, Musk “Indeed,” leaving a lot of his followers wondering if the EV company had liquidated its Bitcoin holdings and eventually led to the BTC loss.
However, Musk tried to clarify his comment in a more recent tweet. He wrote: