About Musk, Tesla and Bitcoin

About Musk, Tesla and Bitcoin

By Sir Loin | The Crypto Shenanigans | 14 May 2021


Cynicism at its best from the Tesla TechnoKing, Imperator of Mars, and Doge’s Papa. Elon Musk announced that Tesla has suspended accepting Bitcoin for cars, citing environmental concerns.

When Elon Musk pumped Bitcoin in March and announced that he would accept BTC as payment for new Tesla vehicles, of course, he had no idea how Bitcoin mining works. The man who "created" Tesla and sent rockets into space did not understand how Bitcoin mines. Yeah, sure.

And suddenly, in just a couple of months, Bitcoin became too dirty for a pure Tesla.

Meanwhile, a survey conducted by Elon on his Twitter expectedly resulted in 78% positive results. But this whole poll was needed only to maintain the DOGE hype. Elon will not take any Doge coins for cars.

This and several other news generated a significant drop in crypto markets, Bitcoin dropped to $46,000, Ether managed to go down to $3,500. Doge lost up to 50% of its value.

What's interesting is that just before the hysteria began, billions of dollars entered the major exchanges.

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All current events can be safely considered as a coordinated attack on the so-called weak hands, ready to get rid of BTC and ETH amid the panic. And yes, don't be surprised if Musk praises Bitcoin again soon. He is a businessman. His job is to make money.

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