Representational photo: Elon Musk

Photo: Knoxville News

Elon Musk's Tweet On Bitcoin Costs Him $15 Bn, Loses Top Billionaire Spot

Tesla CEO Elon Musk on February 22 slipped again from the wealthiest position after losing $15.2 billion from his wealth. The financial blow took place after Musk's tweet that read prices of Bitcoin and its rival Ether "do seem high", causing a 8.6% dip in Tesla's share. Just two weeks ago, the company had announced to have invested $1.5 billion in Bitcoin for future transactions . Meanwhile, Amazon's Jeff Bezos topped the Bloomberg… read-more

Tue, 23 Feb 2021 - 11:15 AM / by Harsh Vardhan

Tags: Elon Musk, Tesla Inc., Cryptocurrency, Bitcoin, Ether

Courtesy: The Economic Times