Bitcoin on the roller coaster: first the collapse to a three-month low, then the sudden rebound. The last session was nothing short of volatile for the most important of cryptocurrencies and once again the responsibility lies with Elon Musk, number one of Tesla, who published a series of tweets on the automaker's financial choices in relation to the virtual currency.
"Tesla did not sell bitcoinMusk wrote on Monday. Words that shed light on other tweets from last Sunday, from which instead it seemed to emerge that the group was considering selling (or had already sold) a part of its cryptocurrency stocks.
The interpretation also seemed likely because on Wednesday Musk said that Tesla will stop accepting bitcoin. The reverse, which came just three months after the opening to cryptocurrency payments, would be due to ecological concerns of the tycoon, distressed by the energy consumption that virtual transactions involve.
Result: Bitcoin fell more than 9% on Monday, to $42.185, the lowest since February 8, but then recovered more than 5%, to around $44.220.
According to sources cited by the Reuters news agency, Tesla is seeking to enter the multibillion-dollar US credit market for renewables, hoping to profit from the Biden administration's march towards new zero-emissions goals.
