At one point of time, not so long ago, Bitcoin was trading at an all-time high of $65,000, after Tesla embraced the cryptocurrency in February. Months down the line, the company reversed its position on accepting payments in the cryptocurrency.
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On Sunday, a Twitter user suggested that those who ve invested in Bitcoins would be very disappointed next quarter after finding out that Tesla had already dumped the rest of its Bitcoin holdings. To this tweet, Elon Musk replied, “Indeed”. This created widespread confusion that the billionaire tycoon was implying that Tesla has sold or may sell the rest of its Bitcoin holdings.
This is the OG Elon Musk Tweet That Got Bitcoin to Surge to All-time High
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Elon Musk has made it a habit to rattle stock markets on a routine basis and MicroStrategy CEO Michael Saylor was a happy man on Monday to learn that Musk s electric vehicle company Tesla Inc had finally bought a handful of Bitcoin cryptocurrency. Congratulations & thank you to @elonmusk & @Tesla on adding #Bitcoin to their balance sheet. The entire world will benefit from this leadership, Saylor tweeted as he congratulated Musk s leadership.
Bitcoin took another large stride toward mainstream acceptance on Monday after billionaire Musk s EV Tesla Inc revealed it had bought $1.5 billion of the cryptocurrency and would soon accept it as a form of payment for cars, sending the cryptocurrency shooting higher.