Memes Flood Twitter As Bitcoin's Downward Spiral Continues

The cryptocurrency was trading around $40,000, the lowest it has been since Elon Musk’s big embrace in February

Bitcoin fell to around $40,000 (roughly Rs. 29 lakh) on Wednesday, extending its losses that began with Elon Musk's back-and-forth remarks on the world's largest digital currency over the past week. The Tesla CEO first raised concerns over the rapidly increasing use of fossil fuels for mining and transaction of Bitcoin, saying his electric vehicle-making company will no longer accept payments in the digital currency. Then his tweet caused confusion whether Tesla was dumping its Bitcoin holdings. Every Bitcoin Owner To Dogecoin Owners And @elonmusk Right now #dogearmypic.twitter.com/KHgZn8Gx4F Bitcoin owners right now pic.twitter.com/726Zcn3PgW #Bitcoin owners every morning after checking Elon musk's tweet. pic.twitter.com/844tzLayMw Bitcoin owners be like pic.twitter.com/urHGKEdp93 My Binance portfolio last week vs this week #Bitcoinpic.twitter.com/iFT1ZR9sfO Cryptocurrency traders right now #MATIC#Bitcoin#cryptotrading#cryptocurrency#Cryptopic.twitter.com/Eb3CFAMzYU RT @JesseCohenInv: Elon broke #Bitcoinpic.twitter.com/gOGoTSI7Uo Hilarious but accurate. #Bitcoin#cryptocurrency@ActorVijayRaazpic.twitter.com/5CHxmOArci #cryptotradingMe to #bitcoin right now:- #cryptotradingpic.twitter.com/KZ8kC1ecZs Current Crypto Market situation! #bitcoin#ElonMuskpic.twitter.com/9Pe5QBb66S #Bitcoin traders and @elonmusk relationship in the past few days is complicated pic.twitter.com/AM7hwS6Z5c Anyone that has money in crypto right now 😩#cryptotwitter#cryptocurrencies#ShibaCoin#ShibaCoin#Bitcoin#ETH#HODLpic.twitter.com/APA5rHgaow Indeed Bitcoin was trading at $39,976 at the time of writing this report, the lowest it has been since Musk's big embrace in February, when Tesla revealed it had bought $1.5 billion (roughly Rs. 10,974 crore) worth of Bitcoins. Even as investors are heartbroken, Twitter users are having a field day, sharing memes about the cryptocurrency, those who have invested in it and Musk, alleging he single-handedly triggered the massive crash.