Elon Musk Vs Bitcoin part 2 – The Crypto market sentiment check
Last week Elon Musk tweeted that Tesla has suspended vehicle purchases using Bitcoin. He said that Tesla is concerned about rapidly increasing use of fossil fuels for Bitcoin mining. In response the crypto markets crashed with Bitcoin falling to $42,000. Let’s look at the subsequent tweets from Elon, reaction from the Bitcoin community, the Doge angle, and speculate on what happens next.
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Last week Elon Musk tweeted that Tesla has suspended vehicle purchases using Bitcoin. He said that Tesla is concerned about rapidly increasing use of fossil fuels for Bitcoin mining. In response the crypto markets crashed with Bitcoin falling to $42,000. Let’s look at the subsequent tweets from Elon, reaction from the Bitcoin community, the Doge angle, and speculate on what happens next.
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Supporting links:
Bitcoin is key to an abundant energy future
The Investors Guide to Bitcoin and the Environment
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