On May 13, Tesla CEO Elon Musk said on Twitter that Tesla has suspended the use of bitcoin to buy cars due to concerns about the burden on the environment caused by the large amount of energy required for bitcoin mining Other cryptocurrencies are also used for computing power mining, such as ETH, which is also a kind of energy consumption. For BTC mining, renewable energy is now used for mining and the protection of environmental pollution has been greatly improved. We all know that Mr Masquerque is a big spender, but why has he become cheap
It may be that the recent news of BTC has been touched by the recent activity of Tesla CEO Elon Musk (Elon Musk), which once again triggered fluctuations in the value of bitcoin. He recently tweeted that Tesla may resume accepting Bitcoin as a payment method
Is this capital support for BTC or the hot event of BTC again? Which leaves us guessing
I think that would be a big change into the market conditions.As we all know that Elon is a great business man and he markets his business really weill. Now if BTC payments will be linked to Tesla then upon sales BTc will also grow.
This means that the future of tesla and Elon Musk both are directly related to the future of BTC and it's a very great news to hear.
Remember what he did during bull season in 2021? He is a businessman and what he wants is money, profits, nothing more, nothing less. In addition, bitcoin can develop on its own without depending on or needing the help of any individual or organization. The fact that Tesla or any other company accepts the use of bitcoin means that they want to create benefits and profits for themselves, and do not have good intentions for bitcoin. So don't think that their acceptance of bitcoin will benefit bitcoin and praise them as angels.
I don't know if Elon has any new tricks to continue to influence and manipulate the market. But if he uses the same trick again, I don't think it will work anymore because everyone already knows about this trick and they won't be stupid enough to be fooled by him again.