Elon Musk did it again. Bitcoin seems to be on the move again, thanks to his tweet.
Tesla CEO and Dogecoin hobbyist tweeted on Sunday that Tesla will “resume Bitcoin operations” if and when there is “confirmation of reasonable (about 50%) clean energy use by miners with a positive trend going forward.” Bitcoin jumped almost 1% after tweeting to $37,650.
The tweet came in response to a CoinTelegraph article about Magda Vezhitska, Sygnia CEO, who accused Musk of pumping and dumping bitcoins after Tesla bought $1,5 billion in BTC; and then, according to Vezhitsky, “sold a large part of their exposition at the peak.”
Musk disagreed with Vezhitskaya’s criticism and added that Tesla “sold only about 10% of its assets to confirm that BTC can be easily liquidated without changing the market.” The point is that Musk did say in April that Tesla “sold 10% of its assets, essentially to prove bitcoin liquidity as an alternative to keeping cash on a balance sheet.”