Cryptocurrency

Elon Musk Loses $15 Billion After Bitcoin Tweet, No Longer Worlds’ Richest

Elon Musk Loses $15 Billion After Bitcoin Tweet, No Longer Worlds’ Richest

Elon Musk Loses $15 Billion After Bitcoin Tweet, No Longer Worlds’ Richest

-Billionaire, Elon Musk has lost $15 billion after a tweet that he made about Bitcoin and ETH

-The Tesla CEO was said on Twitter, that the price of major cryptos, ETH and Bitcoin seem high

-The billionaire is now second on Bloomberg Billionaires Index

Tesla CEO Elon Musk is no longer the richest person in the world after Tesla Inc. shares slid 8.6% on Monday.

This is Tesla’s biggest decline since September and it has caused Musk to lose $15.2 billion from his net worth.

This decline was partly fueled by a comment that Musk made on Twitter on Saturday.

The Tesla CEO replied to a post saying that the price of Bitcoin and Ethereum seem high.

This is following the news that Tesla invested $1.5 billion in Bitcoin.

Read also: Crypto market loses over $200 billion in 24 hours

The cryptocurrency which had increased by over 400% in the past year dropped by over 15% in 24 hours.

The drop has been attributed to skepticism by retail investors about its rally.

Elon Musk loses $15 billion in net worth
Musk has now dropped from the top of Bloomberg’s Billionaire Index, with his net worth slipping down to $183.4 billion from $210 billion.

Jeff Bezos is now the richest man in the world despite losing $3.7 billion to drop to $186.3 billion.

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