Post
Topic
Board Economics
Re: Tesla stops car purchases with Bitcoin
by
Silberman
on 22/05/2021, 14:16:46 UTC
According to the latest information. Tesla has stopped buying cars with bitcoin. Billionaire Elon Musk announced on Twitter that Tesla officially "suspended buying cars with Bitcoin" because of concerns that Bitcoin mining is adversely affecting the environment. This has had a huge impact on the bitcoin market.
That's their way to manipulate the price.. you can ask yourself, they are a big company, a successful one and you think they didn't know that in the first place? They are trying to make people look stupid here, so they can make easy money.
What many people do not seem to realize is that despite all the good publicity that Elon receives his companies are not profitable and receive a lot of money from the government, to me this seems an obvious money grab, also it seems Elon is going to try to take over this market and maybe use dogecoin as the coin to try to make this a reality, but I think this is where he is going to fail and his aura of a genius will dissipate and it is likely his companies even begin to fail because of it.