By admin May, 26, 2021 Technology
The month of may has been rough for crypto traders all over the world. Bitcoin prices crashed to $30,000 after Elon Musk said he sold all his coins and he also suggested that Tesla may have dumped over $1 billion in bitcoin holding. The news traveled around and many crypto holders began selling their holding, following Elon's comment about Bitcoin mining power use. He also mentioned that Tesla will stop accepting Bitcoin payments for Tesla products.
To be clear, I strongly believe in crypto, but it can’t drive a massive increase in fossil fuel use, especially coal
From Bitcoin to Ethereum, to Dogecoin and more, all of it went down below 30 percent.
#cryptocurrency crash today. This is the lesson for those who was advising to invest in crypto..😂 pic.twitter.com/PSMwZ6tMir
— Maulik Rajpopat (@Maulik_Rajpopat) May 19, 2021
Note:
- Bitcoin mining council created to standardize energy reporting.
- $400 Billion wiped out of the market in the past 7 days.
Tags: Bitcoin Cryptocurrency SQ Square stock Bitcoin company
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