Crypto

Bitcoin sinks after Tesla pull out – Not accepted for car purchases

from accepting the cryptocurrency for its car purchases.

This shocked the market, given the recent build up of $1.5 billion worth of Bitcoin on its account to get the company ready to accept Bitcoin as payment for its cars.

In his latest Twitter post, Musk pointed out his concerns about how the energy intensive process of mining Bitcoin is detrimental to the environment.

In fact, he also mentioned that they are looking for other cryptocurrencies that have much lesser environmental impact for the time being.

Don't miss out on the next business knowledge and investment sharing!

Subscribe and click on the Bell Notification:

Get Smarter The Right Way @
Business and investing tips & strategies – Simple. Fun. Actionable.
Level up yourself everyday, for free.

Start – 0:00
#1: Musk moving the cryptocurrency market again – 0:04
#2: will not accept Bitcoin for car purchases – 0:19
#3: Musk’s concern of the environmental impact of Bitcoin mining – 0:52
#4: Other investors’ stance – 01:24
#5: What’s next – 01:51

Follow us on Social Media for first hand updates on investing and business tips and tools:
Facebook:
LinkedIn:
Instagram:

Related posts
Crypto

Tesla no longer accepts Bitcoin due to environmental concerns: Elon Musk

Crypto

Elon Musk REVEALS WHEN DOGECOIN HIT $50 (Massive Breakout Explained) Dogecoin News

Crypto

Bitcoin Documentary | Crypto Currencies | Bitcoins | Blockchain | Digital Currency | Money | Gold