The price of bitcoin rose about 5 percent to nearly $37,360 about half an hour after Musk's remarks.
His remarks came after Magda Wierzycka—CEO of Sygnia, a financial services company in South Africa—urged the U.S. Securities and Exchange Commission to probe Musk's bitcoin tweets to determine if he's engaging in"market manipulation."
"The [Bitcoin] volatility we have seen is an unexpected function of what I would call market manipulation by Elon Musk," Wierzycka said in an interview on the."If that happens to a listed company, he would be investigated and severely sanctioned by [the] SEC." Musk called Wierzycka's allegation"inaccurate" on Sunday."Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market," he tweeted.
This is inaccurate. Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market. When there’s confirmation of reasonable clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions.
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