As Bitcoin Soars Toward $50,000, Data Reveals Tesla Billionaire Elon Musk Triggered A $1.2 Billion Price Short-Squeeze

Elon Musk, the billionaire chief executive of electric car-maker Tesla

TSLA
, has single-handedly added thousands of dollars to the price of bitcoin in recent weeks—with other groundbreaking developments sending it still higher.

The bitcoin price, which soared toward $50,000 per bitcoin this week after Tesla made the shock announcement it had bought $1.5 billion worth of bitcoin, is up around 350% over the last 12 months.

Now, data has revealed Musk, who has been warned by…