Bitcoin Price Rallies After Tesla Billionaire Elon Musk Sparks Wild Speculation He’s Buying Bitcoin

Bitcoin and cryptocurrency markets were braced for a bombshell from Tesla’s
TSLA
first set of results since buying $1.5 billion worth of bitcoin. And Elon Musk didn’t disappoint.

Tesla revealed it sold 10% of its bitcoin holdings in March, collecting $101 million from the sale and helping the electric car maker land its seventh consecutive profitable quarter. The news, initially sending shockwaves through the cryptocurrency community, was somewhat tempered by Musk’s defense that the…


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