Twitter floods with Bitcoin memes, after Elon Musk’s tweet

Team Udayavani, May 20, 2021, 12:10 PM IST

Source: Forbes

On May 19, Bitcoin fell around $40,000, extending its losses that began with Elon Musk’s back and forth remarks on the world’s largest digital currency over the past week.

Elon Musk first raised concerns over the rapidly increasing use of fossil fuels for mining and transaction of Bitcoin, saying his electric vehicle-making company will no longer accept payments in the digital currency, which caused confusion about whether Tesla was dumping its Bitcoin holdings.

Twitter users shared memes about the cryptocurrency and about those who have invested in it and Musk, alleging he single-handedly triggered the massive crash.

Bitcoin owners right now pic.twitter.com/726Zcn3PgW

— Sagar (@sagarcasm) May 19, 2021

Bitcoin is falling faster than Indian political standards

— Adit Jain (@thenameisadit) May 19, 2021

https://twitter.com/SalvaMartin09/status/1394925172562399235

Bitcoin owners be like pic.twitter.com/urHGKEdp93

— gee 💵 (@xgee) May 19, 2021

My Binance portfolio last week vs this week #Bitcoin pic.twitter.com/iFT1ZR9sfO

— Eyolee Ita (@Iam_Eyolee) May 19, 2021

Cryptocurrency traders right now #MATIC #Bitcoin #cryptotrading #cryptocurrency #Crypto pic.twitter.com/Eb3CFAMzYU

— tushark.eth (@kholiatk) May 19, 2021

RT @JesseCohenInv: Elon broke #Bitcoin pic.twitter.com/gOGoTSI7Uo

— Doc Holliday 🇩🇪 🇺🇸  (@trndtrader) May 19, 2021

#cryptotrading
Me to #bitcoin right now:- #cryptotrading pic.twitter.com/KZ8kC1ecZs

— AMAN MAHESHWARI 🇮🇳 (@AmanBahetiaman7) May 19, 2021

At one point in time, Bitcoin was trading at an all-time high and after which Tesla embraced the cryptocurrency in February. The company reversed its position on accepting payments in cryptocurrency.

A Twitter user had suggested that those who’ve invested in Bitcoins would be very disappointed next quarter after finding out that Tesla had already dumped the rest of its Bitcoin holdings. To which Elon Musk replied, “Indeed.”

Elon Musk’s reply created widespread confusion that the billionaire tycoon was implying that Tesla has sold or may sell the rest of its Bitcoin holdings.