FAST FIVE: Bitcoin Spikes After Musk Confirms Has Not Sold More; Tesla Could Resume Crypto Payments

Published by on

image courtesy of CoinTelegraph Responding to a tweet/story from CoinTelegraph quoting Sygnia's CEO attacking Musk's recent comments on bitcoin: “The [Bitcoin] volatility we have seen is an unexpected function of what I would call market manipulation by Elon Musk,” said Magda Wierzycka, one of the richest women in South Africa and CEO of financial services company Sygnia.

“If I look at these bitcoin fund flows, there is no evidence here of a buying-the-dip mentality,” he said.

He pointed to the futures market, where prices for bitcoin futures have been trading lower than the spot price.

We will have to see now that Musk has 'repermissioned' America's elites to pile into crypto “when it's clean”.

which is something that is imminent now that “dirty” China is kicking its miners out.

Categories: ZH