Elon musk pulls out of bitcoin

elon musk pulls out of bitcoin

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Renewed call for CCTV, dashcam, with new look. Elderly woman's family devastated after after pulling out of Tesla. The number of Bitcoin is So why is Bitcoin mining. Top 10 most in-demand jobs it here.

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Elon Musk \u0026 Cathie Wood - Why Bitcoin Will DOMINATE In 2024
elpinico.org � news � business Bitcoin's price fell Friday morning after Elon Musk posted a tweet suggesting he's fallen out of love with the world's top cryptocurrency. Prices of bitcoin and other cryptos plunged after Tesla CEO reversed decision to accept digital currency as payment.
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  • elon musk pulls out of bitcoin
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    calendar_month 11.03.2023
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    calendar_month 13.03.2023
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Cryptocurrency mining boom

In May, he said that Tesla would stop accepting bitcoin as a payment method due to concerns over its energy usage, shaving hundreds of billions of dollars in value off the entire crypto market in a single day. Musk has been a very public fan of bitcoin and dogecoin, tweeting and joking about these with his millions of Twitter followers over the past year. Musk said his decision had to do with bitcoin's growing environmental concerns , but some questioned whether that was really the case, considering that Tesla's core products are environmentally friendly electric cars and solar energy panels and it is no secret that mining bitcoin through massive amounts of computer power is an energy-intensive enterprise. But Musk's announcement has unearthed a clear risk for bitcoin investors that may put a speed bump in what seemed to be a fast-moving evolution of the currency.