Business & Economy
How Elon Musk’s Cryptic Tweets Crashed Bitcoin Again
Tesla boss Elon Musk was at it again this time firing off a few cryptic tweets that appeared to lament a breakup with Bitcoin.
The leading cryptocurrency slipped 4% on Friday after the tweets.
Tesla’s big position in bitcoin and Musk’s large personal following often set crypto markets on edge whenever he tweets.
And the price fell after he posted “#Bitcoin”, a broken-heart emoji and a picture of a couple discussing a breakup.
Musk followed that up by posting a breakup comic strip and replying “nice” to an illustration of rival crypto dogecoin posted by crypto exchange Coinbase.
It was unclear what, if anything, any of the tweets meant.
Musk has previously said Tesla would not sell its bitcoin, but his tweets were enough to unsettle markets still fragile following May’s crash.
