"Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment"
Elon Musk on Twitter
We could say "Elon Musk vs. Bitcoins," at least until the dilemma of environmental impact is resolved. Musk, in fact, denounces mining activities that now require too much energy to generate Bitcoin to the detriment of the environment.
As is his habit Elon has communicated through a tweet: he writes that Tesla has suspended the purchase of vehicles through the use of Bitcoin, which generated soon after a collapse of over 11% of the value of the crypto, which now stands at ~$50,500. Along with bitcoin, Ethereum capitulated by almost 9%, Ripple by 10%, and even the parody currency Dogecoin. Recall that Musk himself had made the Bitcoin fortune a few months ago, announcing that Tesla would invest $1.5 billion in the digital currency, which it later did.
Nevertheless, Elon confirmed that he remains a fan of cryptocurrency in the long run.
Was yours a move to reduce the price of BTC? Let me know what you think, thanks for reading this far.
Hi!👋
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