Elon Musk’s tendency to sway the crypto space with devil-may-care tweets was on display again on Friday, as numerous coins lost between 10–18% in the wake of Musk’s latest Bitcoin (BTC) meme. The Tesla CEO’s tweet which showed a Bitcoin sign next to a broken heart emoji could have been interpreted as fairly cryptic, but within minutes the crypto market responded by plunging … [Read more...] about When will Elon Musk’s influence on Bitcoin end?
Bitcoin (BTC) prices fell by almost 5% on June 4, continuing the decline into the Friday session as investors grappled with Elon Musk's cryptic tweets on the cryptocurrency, raising speculation that the Tesla CEO might dump the firm's remaining 43,2000 BTC stash. #Bitcoin pic.twitter.com/lNnEfMdtJf— Elon Musk (@elonmusk) June 4, 2021 Nonetheless, Bitcoin's move downside also … [Read more...] about Forget Elon, here’s why Bitcoin traders should be watching the US Dollar Index instead
Earlier this year, Elon Musk was considered a crypto hero following Tesla’s $1.5 billion Bitcoin buy. But according to sentiment tracking firm Awario, public opinion has since swung the other way.This change of heart comes following Musk’s announcement that Tesla would no longer accept Bitcoin as payment for its vehicles. The now infamous tweet gave an environmental … [Read more...] about Elon Musk’s reputation plummets following his Bitcoin energy attack
The reason Tesla suspended its support for vehicle purchases using BTC was the company’s concerns regarding the “rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal.” Sounds reasonable for a company that develops electric cars, right? First of all, the question of whether BTC is a waste of energy … [Read more...] about How does Elon Musk affect crypto space?
Castle Island Ventures’ Nic Carter doesn’t think Elon Musk is the right person to lead the “clean Bitcoin“ debate, “possibly not as far as the Bitcoin community is concerned.” He told Bloomberg, “Bitcoiners are still intensely skeptical of Musk, and they view him as conflicted, given that his business partially involves the sale of offsets.”However, asking for Bitcoin miners to … [Read more...] about Elon Musk not right person to lead green Bitcoin debate, Nic Carter says