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Elon Musk Says He’s Not Selling His Crypto Holdings. Bitcoin Is Up.
Dogecoin, Bitcoin and Ether briefly spiked on Monday after Tesla (ticker: TSLA) CEO Elon Musk tweeted that he still owns the cryptocurrencies and won’t sell. “I still own & won’t sell my Bitcoin, Ethereum or Doge fwiw.” MicroStrategy (MSTR) CEO Michael Saylor replied: “Weaker currencies willcollapse, and the flight of capital from cash, debt, & valuestocks to scarce property like #bitcoin will intensify.”
