Musk responded to a Cointelegraph tweet about Sygnia CEO Magda Wierzycka calling for the SEC to investigate him over alleged Bitcoin price manipulation.
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Read moreSygnia CEO criticizes Elon Musk for alleged Bitcoin pump and dump
“What we have seen with Bitcoin is price manipulation by one very powerful and influential individual,” said Magda Wierzycka.
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Bitcoin market sentiments remain skewed to the downside even after it becomes a legal tender in El Salvador following a parliamentary nod.
Read moreDogecoin frenzy forces UK fund manager to offload $1.1-billion Bitcoin stash
Ruffer revealed on Tuesday that it had sold its $600-million position for $1.1 billion, citing concerns over excessive speculation across the cryptocurrency market.
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