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ELON Musk will not sell Tesla Bitcoin holdings – despite banning the cryptocurrency to pay for his products.
Musk released a statement in the form of two emojis – Diamond Hands – posting a pair of hands a diamond on Twitter.
Diamond Hands is a slang term for crypto-holders that resolutely refuse to sell their holdings in spite of an uncertain market.
On Wednesday Bitcoin suffered its worst crash since last year before bouncing back above $40,000, driven by China banning financial institutions from offering crypto related transactions, and warned investors against speculative trading in them.
As such bitcoin fell below $31,000 – less than half the all-time high price that it reached in mid April – before recovering to around $40,000 today.