Why Elon Musk has suddenly fallen out with Bitcoin
That love affair between Elon Musk and Bitcoin? It's just become complicated.
It's been a rough couple of days in crypto world, with prices of most major crypto assets plummeting — Bitcoin, in particular, was trading at about $59,500 last Tuesday, only to drop as low as $42,000 on Monday.
While the Tesla CEO cannot possibly be entirely to blame for the price action, Musk did likely contribute with a series of tweets in which he first announced that Tesla would stop accepting Bitcoin as payment due to environmental concerns, then indicated that he's looking at meme coin DOGE as possible replacement for Bitcoin at Tesla, and finally threatened that Tesla might actually sell the Bitcoin it owns. Read more...
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Why Elon Musk has suddenly fallen out with Bitcoin
Reviewed by mimisabreena
on
Monday, May 17, 2021
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Reviewed by mimisabreena
on
Monday, May 17, 2021
Rating:
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