FAST FIVE: "Tesla Has Not Sold Any Bitcoin": Musk Tries To Reassure Crashing Crypto Market After His Weekend Meltdown

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“Tesla Has Not Sold Any Bitcoin”: Musk Tries To Reassure Crashing Crypto Market After His Weekend Meltdown Update 5/17/2021 0700EST: Musk has taken to Twitter in the early reaches of Monday morning to try and quell speculation that Tesla had sold its bitcoin – following continued selling in cryptocurrencies overnight.

pic.twitter.com/VJ6vqdymv5 – Ali H (@articbaboon) May 16, 2021 It began when McCormack had written a thread to Musk, accusing him of “trolling” with his support of Dogecoin, which led Musk to respond: Obnoxious threads like this make me want to go all in on Doge – Elon Musk (@elonmusk) May 16, 2021 This set off the coining community, with Dogecoin creator @BillM2K asking of Musk's comment: “Do you see what being a toxic idiot does to your coin and community?” Mic drop.

https://t.co/E4OSi5lzLn – Shibetoshi Nakamoto (@BillyM2k) May 16, 2021 Musk's response also opened the door for a spat wherein he called bitcoin “highly centralized” and boasted “Hey cryptocurrency 'experts', ever heard of PayPal.

Proposes “fixing” Dogecoin with 10-year obsolete kluges Gets clowned by cryptosphere Keeps digging https://t.co/hlX0K0oTd4 – Bachman (@ElonBachman) May 16, 2021 When one user suggested Musk should dump his bitcoin as a result of the treatment he was getting, Musk replied “indeed”: Indeed – Elon Musk (@elonmusk) May 16, 2021 This caused the following headline to hit the Bloomberg terminal: “MUSK IMPLIES TESLA MAY SELL OR HAS SOLD BITCOIN HOLDINGS”.

Fair trade – zerohedge (@zerohedge) May 16, 2021 Tyler Durden Mon, 05/17/2021 – 07:16.

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