MAJOR NEWS: Earlier this morning, billionaire and founder of Tesla, Elon Musk, tweeted that “Bitcoin is worthless and I’m fairly confident that it will go to zero. If you own Bitcoin, then you are a moron”.
After his tweet, the price of Bitcoin plummeted 50% in just a few hours. This has caused a sudden panic in the cryptocurrency community. Thousands of investors are now selling their Bitcoin, with no signs of stopping. Analysts predict that it will fall to zero by next week.