The head of Tesla and SpaceX Elon Musk wrote on his Twitter that the automaker did not start the sale of the bitcoins accumulated by the company, reports RBC Crypto.
“To disprove speculation – Tesla did not sell a single bitcoin,” Musk said.
To clarify speculation, Tesla has not sold any Bitcoin
— Elon Musk (@elonmusk) May 17, 2021
Musk’s post followed Sunday night when he criticized the first cryptocurrency, and also responded with the word “really” to a post by one user who suggested that Tesla would announce the sale of all its bitcoins in the next quarter.
“Bitcoin is actually extremely centralized and controlled by a small number of mining companies. The flooding of one coal mine in Xinjiang almost killed mining, and the bitcoin hash rate fell by 35%. Sounds decentralized? ”Musk wrote.
The billionaire responded to a thread by podcast author Peter McCormack that criticized Musk’s activities. In particular, McCormack noted Tesla’s statements regarding environmental risks, the promotion of the Dogecoin altcoin and the high dependence of the market on Musk’s tweets.
“These unpleasant threads make me want to put everything on Doge,” Musk wrote back. He added that he is the founder of PayPal and understands how the financial system works.
As a result, on the evening of May 16, the bitcoin rate began to fall sharply. On the morning of May 17, the cryptocurrency updated at least since February 8 at $ 42.1 thousand. As of 10:45 Moscow time, the asset is traded at $ 44.8 thousand, over the past day it has fallen in price by 8%.
Last week, Tesla temporarily stopped selling its products for bitcoins due to its unsustainable way of mining. At the same time, Musk stressed that cryptocurrency is a “good idea” with a “promising future.”
Tesla announced in February that it had bought $ 1.5 billion worth of bitcoins. Musk later called the investment “recklessness” for the S & P500 company. The billionaire noted that the company’s actions do not directly reflect his views, and Bitcoin is “just a less stupid form of liquidity than cash savings.”
At the end of March, the automaker sold $ 272 million worth of bitcoins for a profit of $ 101 million.The company noted that at the end of April, the fair market value of the bitcoins it owned was $ 2.48 billion.
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