Elon Musk's Tesla, one of the largest bitcoin holders, moved over $760 million worth of bitcoin to unknown wallets, sparking fears of a massive sell-off.
Musk's past actions with cryptocurrencies, like announcing Tesla would no longer accept bitcoin and selling 75% of holdings at a loss, heighten uncertainty.
While speculation abounds regarding the recent transfer of Tesla's bitcoin, there's no definitive indication of Musk's intentions, leaving the crypto community on edge.
Given Musk's influence over cryptocurrency prices, a sale of even a fraction of Tesla's bitcoin could trigger market panic and significant price drops.
Collection
[
|
...
]