Re: Bitcoin plunges 17% after Elon Musk tweets on not accepting cryptocurrency

Quote from: Dhomochevsky on Today at 08:57:12 AM

https://www.livemint.com/companies/news/bitcoin-plunges-17-after-elon-musk-tweet-on-tesla-not-accepting-cryptocurrency-11620873189800.html

"We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel," Musk wrote.

I smell shenanigans.

Honestly this is so rigged, we need an global agency to go and fight against such actions. First Elon Musk buys a lot of Bitcoins when they are cheap, then he goes and promotes them on Twitter to get the price to rise. Once the price rises he is just selling his coins with a nice profit. After that he is just stop promoting BTCs and saying that Tesla won't accept BTC anymore. I wouldn't be surprised if he starts to buy coins again when the price is down to 30,000 or 20,000 USD.