Tesla & Bitcoin pic.twitter.com/YSswJmVZhP
— Elon Musk (@elonmusk) May 12, 2021 Previously, Elon had moved the bitcoin market the other direction by announcing that Tesla had bought $1.5B worth of Bitcoin as part of its treasury reserve allocation strategy. Since then, the eccentric billionaire has been raging a war and brewing a love-hate relationship with the bitcoin community, while also shilling Dogecoin relentlessly. I don’t know what his endgame is, but...If you’re into crypto, or currently contemplating dipping your toes into it, then you must have heard of Elongate. What’s Elongate? Yes, I’m referring to Elon Musk’s market moving tweet, reversing his stance on Tesla accepting bitcoin for Tesla purchases. In the aftermath of his tweet, Bitcoin retreated roughly 20%, down from $54K to wick down to $46K, recovering somewhat, before even more shenanigans brought the price lower. We’re currently hovering around the $45K mark.
