Bitcoin price fell after another statement by Musk

The value of bitcoin fell below $45,000 after Tesla founder Elon Musk announced that the electric car manufacturer could sell its bitcoin assets.

The sharp drop in the price of bitcoin began after the billionaire agreed with one of the users on Twitter, who said that in the next quarter, bitcoin holders would be annoyed when they learn that Tesla got rid of its remaining bitcoin assets, according to Bloomberg publication.

According to the agency, on May 16, Musk spent several hours discussing with several Twitter users who criticized the change in his position on cryptocurrency.

Earlier, he said that the change of his opinion was influenced by environmental concerns related to the consumption of huge amounts of electricity for bitcoin transactions.

On May 13, it became known that Tesla had stopped accepting bitcoins as a means of payment. The reason for this was the non-environmentally friendly way of obtaining cryptocurrency.

Musk acknowledged that cryptocurrency is a good idea on many levels, it has a “promising future,” but the company cannot afford to harm the environment. In this regard, the sale of cars for bitcoins will not take place until the cryptocurrency is mined using sustainable energy sources.

Amid this statement, bitcoin lost 15.29% in price during the regular trading session and fell to $46.8 thousand.

Show More

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button


Your browser could not load this page, use Chrome browser or disable AdBlock