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Elon Musk loses $20 billion in single day after bitcoin warning – Stuff.co.nz

Musk no longer the world’s richest person after Tesla shares slid 8.6 per cent, fuelled in part by his own tweets about cryptocurrencies.

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Elon Musk is no longer the world’s richest person after Tesla shares slid 8.6 per cent on Monday, wiping $15.2 billion (NZ$20.71b) from his net worth.
Tesla’s biggest decline since September was fuelled in part by Musk’s comments over the weekend that the prices of bitcoin and smaller rival Ether do seem high. His message via his favoured medium of Twitter came two weeks after Tesla announced it added $1.5 billion (NZ$2b) in bitcoin to its balance sheet.
The cryptocurrency, which has surged more…

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