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Grayscale CEO on Elon Musk's tweet rattling crypto markets

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Bitcoin sank as little as $42,000 Monday morning earlier than making a slight rebound. A weekend tweet from Tesla CEO Elon Musk might have been behind the drop. The tweet led some to imagine Tesla had bought its bitcoin holdings, however early Monday morning, Musk tweeted, “To make clear hypothesis, Tesla has not bought any Bitcoin.” Grayscale CEO Michael Sonnenshein joined “Squawk Field” on Monday to debate. For entry to reside and unique video from CNBC subscribe to CNBC PRO:

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