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What the Biggest Crypto Influencers Are Saying About Bitcoin’s Slump

Elon Musk to Cathie Wood weigh in on cryptocurrencies after billions of dollars in market value are wiped out. 

Elon Musk

Elon Musk

Photographer: Liesa Johannssen-Koppitz/Bloomberg

Crypto traders everywhere were watching Bitcoin’s price fall, fall, fall — down at one point as much as 30% on Wednesday — and many were wondering, What’s Elon thinking?

After the dominant cryptocurrency bounced from its nadir, the tweet finally came: Tesla has diamond hands — a reference to refusing to sell, even during turbulent times, written in emoji.