After the acquisitions between Elon Musk and Twitter, which turned into hostility, both sides suffered great losses and experienced serious decreases in share prices. But it’s not just Tesla and Twitter that have fallen.
As you know, there has been a great decline in the crypto money world for a long time. Elon Musk, the founder of Tesla and the richest person in the world, was a big supporter of cryptocurrencies (especially Dogecoin) despite these drops. In fact, Musk has been the target of criticism many times that he plays with the crypto market with his trading transactions in the crypto market. As you may recall, one of these criticisms came from the founders of Dogecoin. Today, with a statement from Tesla, it was announced that most of the crypto money held by the company was sold.
After the announcement, the percentage of bitcoin fell
Bitcoin plunged sharply after Tesla announced that it had sold 75 percent of its bitcoin holdings. The company, which bought $ 1.5 billion worth of crypto assets last year and caused a great fluctuation in the markets at that time; This time, it managed to impress the markets by selling approximately $963 million worth of digital assets. After this sale, bitcoin fell by 0.14% and is currently hovering around $23,000.
Of course, it is predictable that Elon Musk’s realization of such a large sales transaction will cause a decrease. As we have just mentioned; Musk’s impact on the crypto world is not the first time. Moreover, there was even a lawsuit on this issue. Criticism will be inevitable due to the fact that it has such a great impact. For this reason, many users on social media do not hesitate to openly express that they think this is something done to manipulate the market.
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