Cryptocurrencies
Elon Musk Is Now Blowing Up the Wall Street Case for Bitcoin
- Tesla CEO’s tweets have fueled crypto volatility and confusion
- About a quarter of Bitcoin’s value has been erased in a week
WATCH: Bitcoin steadied after falling to its lowest level since February following a tweet from Elon Musk clarifying that Tesla Inc. hasn’t sold from its holdings of the token. Bloomberg’s Dani Burger reports.
(Source: Bloomberg)
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Elon Musk helped legitimize cryptocurrencies in the eyes of Wall Street investors. Now, his tweets are scaring them off.