Bitcoin dipped nearly 8 percent to around $44,000 per coin.
A Twitter user who goes by @CryptoWhale said, “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their holdings. With the amount of hate @elonmusk is getting, I wouldn’t blame him…”
Musk replied, “Indeed.”
A potential sale comes just days after Musk said the company planned to hold rather than sell the bitcoin it already has and intended to use it for transactions as soon as mining transitions to more sustainable energy.
“Hey cryptocurrency ‘experts’, ever heard of PayPal?” Musk added, referring to the payments company he helped start. “It’s possible … maybe … that I know than you realize about how money works.”
Musk has been a big supporter of cryptocurrencies, helping rally the prices of digital coins, including bitcoin, several times in the past year. In an SEC filing in February, Tesla revealed that it bought $1.5 billion worth of bitcoin. The company later said it registered a net gain of $101 million from sales of bitcoin during the quarter, helping