In several recent tweets, Musk released news about Tesla's bitcoin holdings, which triggered investors to engage in crazy bitcoin transactions during the trading hours, first shorting, and then turning to buy up.
The reason is that Musk hinted in a tweet that Tesla may have sold or partially sold its bitcoin holdings; later he clarified in another tweet that Tesla did not sell bitcoin.
Musk’s tweet directly led to Bitcoin’s flash crash of over 9% on May 17, hitting its lowest point since February 9, and then rising by more than 5%.
Although Musk's enthusiasm for speculating coins once pushed up the cryptocurrency market, his recent "cold" attitude towards Bitcoin and Dogecoin has disrupted trading in the currency circle.
Earlier, Musk had tweeted that out of environmental considerations, Bitcoin would cease to be used as a payment method for Tesla vehicles, causing Bitcoin's market value to evaporate by a quarter.
Musk has repeatedly changed his face. Bitcoin prices are on a roller coaster. Click on the video to see what it is!
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