Elon Musk Trashes Bitcoin. Now What?

$365 million in Bitcoin wiped away

Isaiah McCall
May 13 · 4 min read
Image by DonkeyHotey from Flickr

Elon Musk giveth and Elon Musk taketh away.

On Wednesday the Tesla CEO tweeted that the company would suspend car purchases using Bitcoin.

Before the tweet, the entire value of the cryptocurrency market stood atop a $2.43 trillion market cap, and less than two hours later, it lost more than…