Elon Musk Tweets A Cryptic Diamond Hands Emoji As Bitcoin Drops And It’s Raising A Lot Of Questions

If you’ve been keeping up with the cryptocurrency market thanks to the barrage of internet trends, you must know that the Bitcoin prices crashed rather painfully on Wednesday. The credit for a lot of these changes in the market goes to Elon Musk’s Twitter posts and sh*tposts in general. Now, Bitcoin has plunged by over 30% from a record $65,000 back in April as per Bloomberg reports. And crypto billionaires have lost 15.5 billion over the past week according to Forbes.

Tech billionaire Elon Musk who has a $1.5 billion stake in Bitcoin reacted to the crash with a Tweet that reads “Tesla has” followed by a cryptic set of emojis – diamond and hands.

He followed up the Tweet with another post that read “Credit to our Master of Coin”.

Okay, what does that mean?

Well, Musk basically said that his auto company Tesla has diamond hands could imply that he has no plans of doing away with his $1.5 billion stakes in Bitcoin. “Diamond Hands” is a direct reference to a Reddit meme that reveals that the trader believes in the “eventual profitability of their stocks and securities and keep holding them while their value drops below the initial.” (via KnowYourMeme).

SEE ALSO: Bitcoin Plunge, Crypto-Crash And The Elon Musk Influence: A Brief Timeline Of Events

So that’s Elon Musk making his ever-swaying stance clear for you. Of course, the other investors aren’t thrilled with these recent developments. To call the crash painful would be an understatement.

Earlier this month, Elon Musk had announced that Bitcoin isn’t an acceptable currency to buy Tesla products due to its environmental impact, and more recently, he teased that he might sell his stake. Make of that what you will.

SEE ALSO: Why Elon Musk Has Suddenly Fallen Out With Bitcoin

Cover image: Twitter

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