News Snapshot:
Elon Musk’s tweets have served to create headwind for Bitcoin, sending the cryptocurrency on a steep plunge. Recently, Musk implied that Tesla may sell off its Bitcoin holdings. He also slammed BTC mining operations, which are highly concentrated in China. Reuters reported on Monday that Musk raised concerns about Bitcoin’s mining operations while responding to a pseudonymous Twitter user called CryptoWhale. The post by CryptoWhale warned BTC investors that they may “slap” themselves by next quarter “if Tesla dumped the rest of their Bitcoin holdings”. Musk replied, “ Indeed, ” without any further explanation on whether Tesla will sell off...
