Home » Markets » Elon Musk boasts 'diamond hands' as bitcoin implodes
Elon Musk boasts 'diamond hands' as bitcoin implodes
All ‘speculation’ whether crypto is valuable to society: Bob Doll
Former Nuveen chief equity strategist Bob Doll argues that it’s too soon to tell whether cryptocurrencies are valuable to society.
As Bitcoin tumbled to a fresh low, Tesla CEO Elon Musk got battered by his Twitter followers — and he fired right back with an emoji message.
"Tesla has diamond hands," signaling someone or something that remains a holder of a risky financial position, according to several sources on financial slang.
Bitcoin and other cryptos tanked Wednesday with the largest market value of the group falling to the $37,000 level, retreating from its record $64,000 reached earlier this year. China's Banking Association warned against digital currencies and volatility associated with investing, which added to the downside pressure the sector had been experiencing.