A word from Musk caused Bitcoin to fall by several thousand dollars

Elon Musk has shown that he can move the market with just one word. On Sunday, Tesla's chief executive did it again. Bitcoin plummeted as Musk tweeted on Sunday that the electric car maker was considering selling or selling its shares in cryptocurrency. "Bitcoin owners will take a hit in the next quarter when they discover that Tesla has given up shares in Bitcoin," a user known as CryptoWhale wrote on Twitter. "I would not blame Elon Musk for the hatred he is getting." Musk, meanwhile, simply replied an hour later: "True."

The price of Bitcoin fell sharply to 43 thousand dollars on Sunday, the lowest point in the last three months. While it is currently around $ 44,700. The rise came after he posted a post saying Tesla has not sold any Bitcoin.

"To clarify the speculation, Tesla has not sold any Bitcoin," Musk wrote. Musk a few days ago gave another blow to Bitcoin, saying that Tesla plans to no longer accept payments with cryptocurrencies, due to the pollution it was causing to the environment with the production of cryptocurrencies. "We are concerned about the rapid increase in the use of fossil fuels to produce Bitcoin and their transactions, especially coal, which has the worst emissions. "Cryptocurrency is a good idea on many levels and we believe it has a promising future, but it can not come at a great cost to our environment," Musk wrote.