Monday, May 10, 2021

Elon Musk Calls Peter Schiff a Di*k after A Tweet about Tesla’s Bitcoin Buy and Loss

Elon Musk, the CEO of the electric car company Tesla, had no choice but to reply Peter Schiff with an eggplant emoji, which represents a di*k according to dictionary.com, after criticizing Tesla’s decision to add $1.5 billion to its balance sheet.

Peter Schiff has been a thorn in the flesh of crypto enthusiasts, especially Bitcoin fans, for quite a long time. He has recently shifted his usual attacks towards Tesla’s CEO, Elon Musk, after the latter initiated a whopping $1.5 billion purchase of Bitcoin (BTC) for the car manufacturing company.

Read Also: Charles Hoskinson Slams Peter Schiff for Sticking to Old Pattern, But CZ Has Different Opinion

Bitcoin (BTC) Dips after Two Weeks of Tesla’s $1.5 Billion Investment

Peter Schiff had taken to Twitter to highlight the loss incurred by Tesla for deciding to buy such a whopping amount of Bitcoin (BTC) with stakeholders’ money.

Over the past hours, Bitcoin (BTC) has been experiencing a significant price plummet along with altcoin markets. The negative trend has managed to push BTC below $50,000 support from a relatively $56,000 price level.

According to CoinMarketCap, Bitcoin has lost over 15% of its accumulated value. This trend has boosted Schiff’s morale to taunt Elon Musk, calling him a bad example among CEOs.

According to the gold maximalist, due to Elon Musk’s decision, Tesla stock entered the bear market, plunging 20% from its all-time high it attained in late January 2021.

Read Also: Elon Musk Just Changed His Twitter Bio to Bitcoin, BTC Price Skyrockets

Peter Schiff tweeted, “Two weeks after Elon Musk announced that he spent $1.5 billion of shareholder money buying Bitcoin, Tesla stock entered a bear market, plunging 20% from its all-time high set on Jan. 25th, and 16% since disclosing the Bitcoin buy. Not an example other CEOs will likely follow!”

Elon Musk Replies With an Eggplant that Implies a Di*k

Seeing the above tweet from Peter Schiff, Elon Musk had no choice but to reply him with an eggplant emoji that represents a di*k.

Read Also: Elon Musk’s Recent Dogecoin to the Moon Tweets Is Shooting up DOGE’s Price

Peter Schiff also received a heavy load of backlashes from cryptocurrency enthusiasts for spending too much time questioning others’ investment decisions.


Follow us on Twitter, Facebook, Telegram, and Download Our Android App

Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

Related Articles

Latest Articles