Bitcoin tumbles after Musk hints Tesla crypto selloff

Bitcoin tumbled almost 10 percent and below 45 thousand for the first time in nearly three months and again Elon Musk had a lot to do with it

The Tesla CEO sent Bitcoin to the lowest price since February after implying in a Twitter exchange that Tesla may sell or has already sold its cryptocurrency holdings.

Bitcoin drops below $45k

Bitcoin slid below $45,000 for the first time in almost three months after the billionaire owner of the electric-car maker seemed to agree with a Twitter post that said Tesla should divest what at one point was a $1.5 billion stake in the largest cryptocurrency. It traded at $45,270 as of 5:51 p.m. in New York, down about $4,000 from where it ended Friday.

The tweet exchange went like this: An account called ‘Crypto Whale’ who describes itself as an analyst said “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings.”

With the amount of hate @elonmusk is getting, I wouldn’t blame him…”

Elon musk then tweeted in response one word “indeed”.

Musk seemed to agree with the Twitter post that said Tesla should divest what at one point was a $1.5 billion stake in the largest cryptocurrency.

The online commentary was the latest from the mercurial billionaire in a week of public statements that have roiled digital tokens.