15.06.2021 News

Is Elon Musk manipulating the cryptocurrency market again?

📉The Tesla CEO continues to play this game. Elon Musk recently announced that his company will not accept payments in bitcoins, as cryptocurrency mining is harmful to the environment. This statement led to a drop in the price of BTC.

👨🏻‍💻But on June 13, Elon Musk responded to a Cointelegraph tweet with criticism from Sygnia CEO Magda Vezhitskaya over price manipulation.

🌿 «This is inaccurate. Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market.
When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions».

📈 BTC price went up immediately, does that mean the Tesla CEO is up to something?

What do you think?

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