On Monday, Elon Musk tweeted that he has no plans to sell his bitcoin, Ethereum, and dogecoins. After the remarks were posted on Twitter, all three cryptocurrencies gained a certain amount.
Tesla (TSLA.US) CEO Elon Musk has frequently posted his views on cryptocurrencies on social media and has often sparked volatility in the cryptocurrency market. In May last year, he said he would not sell Dogecoin. In October, he said he owns Bitcoin, Ethereum, and Dogecoin. In addition, he tweeted about the likely inflation rate in the coming years. MicroStrategy Inc. (MSTR.US) CEO Michael Saylor replied under the post: "Weak currencies will collapse and capital will flow more from cash, bonds, and value stocks to assets like Bitcoin."
According to reports, MicroStrategy lost $147 million in asset write-downs in the fourth quarter as falling bitcoin prices forced MicroStrategy to reduce its bitcoin holdings.
Currently, Bitcoin is $38,585.8/piece, Ethereum is $2,580/piece, and Dogecoin is $0.114368/piece.
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