• 43
  • 13
  • Favorite

Elon Musk breaks up with bitcoin? Cryptic tweet has some crypto bulls fearing the worst

Market Wacth2021-06-04

A number of Musk’s recent tweets have sparked in the crypto community a mix of ebullience, confusion, apprehension and, at times, dread.

His social-media missives have had outsize influence on the prices of dogecoin and bitcoin and he’s at least partly blamed for the extant slump in bitcoin and the broader crypto complex. An article last month in The Wall Street Journal described him as bitcoin’s biggest influencer.

At last check Thursday night, bitcoin pricesBTCUSD,-2.68%were down 2.3%, changing hands $37,762 according to CoinDesk data, slipping after the Tesla Inc.TSLA,-5.33%CEO’s most recent tweet.

The price of dogecoinDOGEUSD,-4.90%,for which Musk has been one of its biggest champions, was down 5.5%, changing hands at 38 cents.

Last month, Musk tweeted that Tesla would no longer accept bitcoin as payment for its vehicles, citing the large carbon footprint of digitally mining for bitcoin. The tweet is still reverberating in crypto circles, reigniting a debate about the sustainability of bitcoin mining.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment13

  • xinnn
    ·2021-06-04
    LOL....
    Reply
    Report
  • AIRLEX
    ·2021-06-04
    Awesome!
    Reply
    Report
  • ElginLow
    ·2021-06-04
    [開心] 
    Reply
    Report
    Fold Replies
    • mQ
      Haiz
      2021-06-05
      Reply
      Report
  • RaymondSCF
    ·2021-06-04
    ???
    Reply
    Report
    Fold Replies
    • Acella
      ?
      2021-06-05
      Reply
      Report
  • L1LF
    ·2021-06-04
    [Surprised] 
    Reply
    Report
  • Zhenghao
    ·2021-06-04
    Nice
    Reply
    Report
    Fold Replies
    • Eellen
      Like and comment
      2021-06-04
      Reply
      Report
  • WildFoE
    ·2021-06-04
    It’s good
    Reply
    Report
    Fold Replies
  • Alex_2019
    ·2021-06-04
    It’s good 
    Reply
    Report
  • tigerbabymoass
    ·2021-06-04
    Cb one this guy
    Reply
    Report
  • Ck38
    ·2021-06-04
    Follow the whale closely and nibble
    Reply
    Report
  • ChowCCJ
    ·2021-06-04
    I think if environmental regulatory bodies start to limit the mining of cryptocurrency, BTC might be in the best position as it is the most-mined cryptocurrency so far. Appreciate if anyone can guide me through, thanks in advance 
    Reply
    Report
  • tanks09
    ·2021-06-04
    So what’s the verdict?
    Reply
    Report
  • xJAxAx
    ·2021-06-04
    Like n comment pls
    Reply
    Report
    Fold Replies
    • lynnnn
      Like and comment pls
      2021-06-04
      Reply
      Report
    • Chounz
      Like and comment back plS
      2021-06-04
      Reply
      Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24