Thursday, October 16, 2025

Elon Musk Sends Bitcoin Spiraling With Just One Tweet… Again

It appears that Elon Musk has sent bitcoin into freefall on Sunday, after he gave rise to speculation via a twitter exchange that Tesla may potentially sell (or has already sold) its cryptocurrency holdings.

“Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings,” said one twitter user on Sunday. “With the amount of hate @elonmusk is getting, I wouldn’t blame him,” the user added. To this, Tesla CEO Musk responded with one word: “Indeed.”

The single tweet caused an unusual fluctuation in the price of bitcoin, which fell nearly 8.5% afterwards to a low of around $42,441 on Monday, marking the sharpest slump in over three months. Bitcoin’s price has since rebounded after Musk addressed the speculation, tweeting that “Tesla has not sold any bitcoin.”

Last week, Musk sent the price of bitcoin in a downward spiral, after taking to twitter to unexpectedly exclaim that Tesla will no longer accept bitcoin as payment due to environmental concerns tied to the cryptocurrency’s mining. Although he said that Tesla does not have any immediate plans to liquidate its bitcoin holdings, he did note that the company may consider other cryptocurrencies that are less energy-intensive.


Information for this briefing was found via Twitter. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

Bitcoin’s 2021 Electricity Consumption has Already Exceeded the Entirety of 2020

As the popularity of the world’s largest cryptocurrency grows, the energy consumption and subsequent environmental...

Thursday, September 23, 2021, 04:54:00 PM

Bitcoin: Is China The Reason For The Drop? – The Daily Dive

Joining us today on the Daily Dive is that of Charlie Morris, founder and Chief...

Tuesday, June 29, 2021, 01:30:00 PM

What Pushes The SEC For A Possible Bitcoin ETF? – The Daily Dive

On this Daily Dive episode, Cassandra chats with one of our regular guests Mike McGlone,...

Monday, October 18, 2021, 01:30:00 PM

Saylor Says ‘Bad Idea’ to Publish Bitcoin Proof-of-Reserves

Michael Saylor doubled down on his opposition to publishing on-chain proof of reserves at the...

Sunday, June 1, 2025, 09:03:00 AM

Saylor “Stretches” For Cash To Buy Bitcoin As MicroStrategy Premium Evaporates

MicroStrategy’s (NASDAQ: MSTR) Michael Saylor has introduced a fourth perpetual preferred security, “STRC”, offered to...

Wednesday, July 23, 2025, 03:45:00 PM