Billionaire Elon Musk indicated that Tesla Inc. might let go of its cryptocurrency holdings, prompting Bitcoin to fall to three-month lows, Bloomberg reported.

bitcoin has tumbed since musk appeared on SNL
  • Bitcoin tumbled below $45,000 for the first time in three months and was last trading down 7.83% to $45,315.74 at 12:34 p.m. GMT.
  • Musk seemingly agreed with a Twitter post of a user with the handle @CryptoWhale saying that Bitcoin could dump its holdings in the next quarter.
  • “Bitcoiners are going to slap themselves when they find out Tesla dumped the rest of their Bitcoin holdings. With the amount of hate Musk is getting, I wouldn’t blame him,” the tweet read.
  • Musk responded with a one-word tweet —  “Indeed” but in a follow-up, said Tesla has yet to let go of any Bitcoin.
  • Tesla earlier accepted Bitcoin for its electric cars but later backtracked, citing the environmental impact of mining activities.

TSLA: Nasdaq is down 2.19% premarket.