Elon Musk sends Bitcoin, Dogecoin and Etherium values PLUNGING with Linkin Park meme tweet about ‘the end’
ELON Musk sent Bitcoin's value into free fall after he posted a meme about Linkin Park with the hashtag #Bitcoin and a broken heart emoji.
The CEO of SpaceX and Tesla tweeted a meme of a split couple discussing lyrics from Linkin Park's hit In the End suggesting a breakup - like the billionaire's relationship with Bitcoin.
Accompanying the meme, which showed a man and a woman distantly sitting next to each other on a couch, was the hashtag #Bitcoin and a broken heart emoji.
The billionaire's tweeting caused Bitcoin's value to decrease by six percent, while other cryptocurrencies like Ethereum (by seven percent) and Dogecoin (by eight percent) also nosedived.
In a subsequent , Musk posted another meme of a woman facetiming a man saying "I miss you," and "why are you crying" said the woman, with the man replying "cuz I miss you too."
In response, Musk another meme "Dogecoin is just made up money with an infinite supply."
"I will buy all the #Bitcoin that Elon Musk sells," said entrepreneur Justin Sun.
Musk made news last month when he said Tesla would no longer accept Bitcoin payments for electric cars, causing a slight drop in the cryptocurrency.
"Tesla has suspended vehicle purchases using Bitcoin. We are concerned about the rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel," he tweeted.
"Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at a great cost to the environment.," he continued.
"Tesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy."
"We are also looking at other cryptocurrencies that use <1% of Bitcoin’s energy/transaction."