Crypto News
| Published On May 17, 2021 11:50 am CEST  |  Updated on Dec 17, 2021 1:17 pm CET | By Peter Siu

Bitcoin takes another plunge after Musk’s ‘trolling’

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Bitcoin has taken another massive drop to near $42,441 Sunday evening after Tesla CEO Elon Musk was seen ‘trolling’ on Twitter. The self declared ‘Dogefather‘ did not outright deny that his vehicle company has sold or could soon sell all of its Bitcoin holdings.  Musk has been receiving tons of criticism in the past days after he announced the suspension of Bitcoin as a form of payment for Tesla.

Earlier on Sunday, Musk replied to host of the popular ‘What Bitcoin Did’ podcast, Peter McCormack. Just like almost everyone in the crypto community, the host posted some criticism on Musk, his ‘trolling and his support for Dogecoin in a long Twitter thread. Musk felt obliged to respond. Shortly after Musk’s response, the podcast host and Bitcoin maximalist changes his Twitter name to Peter McObnoxious.

Tesla recently sold 10% of its Bitcoin holdings and by doing so it was able to record profits for the first time in its company history.

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Currently Bitcoin is showing some signs of recovery and is trading at $45,089, while single Dogecoin is priced at $0.5055.

Peter Siu

Peter is a former poker-pro, turned crypto enthusiast with 8+ years’ experience in operational roles dealing with all online gaming verticals within large iGaming companies, including Flutter and Entain. Now an expert in the field of Sports Betting, Casino, iGaming, and Poker, he is our team leader and editor. When not working, Peter can be found in the gym or playing sports like football, tennis and more recently padel.