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[CNBC] $365,000,000,000 wiped off cryptocurrency market after Elon Musk tweeted that Tesla stops car purchases with bitcoin for environmental reason.

[CNBC] $365,000,000,000 wiped off cryptocurrency market after Elon Musk tweeted that Tesla stops car purchases with bitcoin for environmental reason.



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24 Comments

  1. I always hate the way they word these headlines as though it just disappeared. This happens to billions of dollars every day. And the next day they’re back. Its called a market.

  2. At some point if this keeps blatantly happening I have to imagine they will find a way to regulate (fine) people like Elon manipulating the market. $365 billion is a hell of a lot of fallout from a single tweet

  3. Wasn’t it going to go down tonight anyways, regardless of I Elon tweeted?
    1. He can only have an affect like this if people are selling. If no one sold, nothing would happen…
    2. I’m assuming hedgefunds are selling like crazy to meet liquidity tests tomorrow so it would have dropped, he just helped them make far less money.
    3. It will recover, it always does.

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