Announce Q2 sell-off Bitcoin? Bitcoin enthusiasts' long post infuriates Musk: This makes me want to fully promote Dogecoin

After Musk "hinted" that Tesla may sell its Bitcoin holdings in the second quarter, Bitcoin has dropped back to its March low, hitting as low as $43,825. The relentless evangelism of Bitcoin enthusiasts, disdain for Dogecoin, may eventually force Musk to strongly promote Dogecoin.

Podcast Host Angers Musk

Podcast show WhatBitcoinDid founder Peter McCormack first tweeted stating that Musk's recent hype around Dogecoin and criticism of Bitcoin has been damaging to the crypto ecosystem, including:

• Increasing workload for industry workers to explain what Dogecoin is to many inquirers
• Dogecoin investors potentially facing losses due to believing in Musk
• The debate on block size is over, all Bitcoin forks have failed
• Bitcoin has the Lightning Network, no need for Dogecoin for scalability

McCormack believes that while trading is a free market and perhaps Musk finds it amusing, his Dogecoin tweets have evidently had a massive impact, so essentially, Musk is a jerk.

At this point, Musk seems to have hit back, replying: "Such tweets make me want to push Dogecoin to the max."

Bitcoin is Centralized

Chainlink community ambassador said to Musk :

Perhaps McCormack's tweet was a bit hostile, but he mentioned the fact that Dogecoin is several orders of magnitude more centralized than Bitcoin in terms of nodes and supply distribution, and when these large holders sell, everyone will lose money.

Musk then quoted an article from Fortune and countered:

Bitcoin is actually controlled by a few large mining companies, the Xinjiang floods caused a 35% drop in Bitcoin's hash rate, does that sound decentralized to you?

He added:

Hey, "crypto experts," ever heard of PayPal? Maybe...just maybe...I understand how money works better than you do.

Teaser Tesla Selling Bitcoin?

Shortly after, about an hour later, Twitter account Mr. Whale commented to Musk: "Next quarter, when Bitcoin enthusiasts find out that Tesla has sold the remaining Bitcoin holdings, they will be embarrassed."

To which Musk replied with "Indeed."

At the end of April, Tesla sold about 10% of its Bitcoin holdings, and things escalated after Tesla suspended Bitcoin payments on 5/13, with Musk claiming on 5/16 that Dogecoin would surpass Bitcoin by optimizing block times and block sizes, drawing criticism from many industry professionals.

Musk addressed the criticism he received for claiming to optimize Dogecoin block times stating:

For those not so good at math, if the volume increases by 100 times and the fees decrease by 100 times, it means the total fees have not changed. To become a global currency, low fees and high transaction volume are needed.

Bitcoin has been falling since 7 p.m. last night, with a decline of 10%, but Dogecoin has not surged as a result, showing a steady performance, with the 24-hour price changes as follows: