On May 17, Musk responded to others on social media: Tesla did not sell Bitcoin. As soon as the voice fell, the price of Bitcoin rebounded rapidly, skyrocketing by $2,000 in one hour.

Just the day before, he spoke on social media and was interpreted by market participants as suggesting that Tesla had sold Bitcoin. Immediately, Bitcoin crashed by more than 10%, and its market value shrank by more than $81 billion. Other mainstream cryptocurrencies have fallen by more than 10%. Some investors sighed: “The rise is in a hurry, and the going is in a hurry.”

It took only three months to change the personality of Tesla CEO Musk from the “teacher” of the currency circle that called the wind and the rain to the critics who were criticized by investors for manipulating the market.

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Post time: May-18-2021