{"id":158970,"date":"2021-05-17T19:00:41","date_gmt":"2021-05-17T13:30:41","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=158970"},"modified":"2021-05-17T18:22:01","modified_gmt":"2021-05-17T12:52:01","slug":"btc-critic-thats-even-more-bearish-as-it-means-that-bitcoin","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/btc-critic-thats-even-more-bearish-as-it-means-that-bitcoin\/","title":{"rendered":"BTC critic: ‘That’s even more bearish as it means that Bitcoin…’"},"content":{"rendered":"

Undoubtedly, it’s difficult to digest the fact that a single entity has the influencing power over the largest crypto asset. A similar event was observed with the ‘meme coin’ during Musk’s SNL event. It was a typical case of an over-hyped event for Dogecoin. Although Elon Musk did put forward<\/a> his ‘damage control’ steps, the coin saw a drop in its price. What’s the case with bitcoin though?<\/p>\n

Since Musk’s claims of ‘centralization’, BTC witnessed a drop in its price. One can argue that he took to Twitter to assert that Tesla had not sold any of its bitcoin. Can this help revive the asset’s price?<\/p>\n

Elon Musk recently cleared all the rumors about Tesla dumping BTC holdings.<\/p>\n

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To clarify speculation, Tesla has not sold any Bitcoin<\/p>\n

— Elon Musk (@elonmusk) May 17, 2021<\/a><\/p><\/blockquote>\n