Elon flops. Tesla not accepting Bitcoin.

Elon Musk, who has become a volatile force in the #cryptocurrency universe, said Tesla is no longer accepting Bitcoin Inc. as payment for purchases of its #electricvehicles owing to the excessive amount of carbon-based energy it uses. Bitcoin plunged following his comments.

The sudden move is a curious one since Tesla’s recent $1.5 billion Bitcoin investment triggered a surge in the currency’s value. It also helped the carmaker report a first-quarter project this year, owing to the $101 million gain it reported from selling 10% of its Bitcoin holdings. Musk has also made numerous comments that pumped up and undercut DOGECOIN (like his “hustle” remark on SNL) a cryptocurrency that started as a joke.

#wakeupimagine # #bitcoin#tesla#cryptocurrencies#elonmusk

Posted on May 18, 2021 in Capital Markets, Cryptocurrency, Social Media, Technology, Trends

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Michael Chase - a true hybrid – part strategist, part data monkey, part creative director, part global growth hacker (when you're doing bic pen tracheotomies you still have to think of EBITDA) and through and through an innovator.

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