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

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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.

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Tobi Loba

By 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.