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Elon Musk�s Power Over Crypto, Explained - WSJ
Tesla CEO Elon Musk said Wednesday on Twitter that Tesla has �suspended vehicle purchases using bitcoin,� out of concern over �rapidly. Prices of bitcoin and other cryptos plunged after Tesla CEO reversed decision to accept digital currency as payment. In a nutshell, they allege that Musk was trying to sway the regulators by avoiding Bitcoin and reinforcing his commitment to renewable energy.

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calendar_month 24.03.2023

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calendar_month 29.03.2023

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calendar_month 02.04.2023

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Other digital currencies dropped as well. Squawk Box Europe. Be the first to know. Mainstream investors and some corporate buyers including Tesla, Square , Metromile and Nexon have flocked to bitcoin , viewing the digital currency as a potential inflation hedge while central banks print money to relieve coronavirus-distressed economies. That said, the Musk U-turn, and its immediate effect on the digital currency prices, could slow things down for the crypto craze.

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