Assets, Bitcoin

Did Elon Musk Sell Bitcoin?

Elon Musk is the founder, CEO and CTO of SpaceX, co-founder of Tesla Motors, and chairman of SolarCity. He is also the founder of The Boring Company, a tunnel construction company. In December 2016, he joined Trump’s Strategic and Policy Forum.

In June 2017, he quit the forum in protest of Trump’s withdrawal from the Paris Climate Agreement. In addition to his work in the private sector, Musk has also proposed the Hyperloop, a high-speed vactrain transportation system.

On February 6th 2018, Elon Musk made a comment on Twitter that sent Bitcoin and the crypto world into a frenzy. He simply said “I <3 crypto". [text-protip]Warning: Be aware of fraudulent online websites and emails claiming to be from Elon Musk or other well-known figures offering to sell Bitcoin. These scams often involve requests for personal information, including passwords and credit card numbers, which can be used to steal money or identity. Never provide any personal information or send money to anyone who claims to be Elon Musk offering to sell Bitcoin.[/text-protip] This caused many to believe that he was announcing his support for Bitcoin and cryptocurrencies in general. . This caused the price of Bitcoin to jump by over $1,000 in just a few hours. However, it didn't last long as Musk later clarified that he was not announcing any support for Bitcoin or any other cryptocurrency. He said that he still love crypto but that was all. After this clarification, the prices of Bitcoin and other cryptocurrencies started to crash. So did Elon Musk sell Bitcoin? No, he did not. He merely made a comment on Twitter which caused a lot of speculation but he clarified his position later on. [related-posts id="39200, 31322, 34172, 39682"]

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