Elon Musk emphasizes support for cryptocurrency

He knows that the entire bull market is hanging in the balance... I think he feels a bit guilty about how this all played out.

IMO TSLA needed to drop BTC payments to get his carbon credits, and to incentivise green mining for PoW ecosystems moving forward. Plus the market was overheated at the time and in need of a correction anyway.

I don't disagree with this motive, but DOGE... I mean come on...
 
Mike Hoxbig said:
When an entire economy hinges on the tweets of one man, there's bigger issues to worry about...
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100% truth in there.

I like how peeps blame him whenever he Tweets something which goes against their 'portfolio', but it is the market, people like themselves who are reacting to it.
 
Bradley Prior said:
Elon Musk emphasizes support for cryptocurrency

Elon Musk is again tweeting about technology and cryptocurrencies, and this time he’s clear on where his support is at. [Bloomberg]
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Crypto should stand on its own feet, clean and controlled.
I support crypto currence if it 1-Don't mine itself(Waist of power and earth resources, giving back what in return-?), 2-is not attach to normal monetary system values, meaning it must rise and stand on its own feet and not piggyback from other systems, therefore other people, few winners much losers..
 
Dude seems to lowkey be a conman using his fame to swing crypto prices for his benefit.
 
Moto Guzzi said:
Crypto should stand on its own feet, clean and controlled.
I support crypto currence if it 1-Don't mine itself(Waist of power and earth resources, giving back what in return-?), 2-is not attach to normal monetary system values, meaning it must rise and stand on its own feet and not piggyback from other systems, therefore other people, few winners much losers..
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A secure monetary network? Not like the generated electricity would be put to good elsewhere anyway.
 
And just recently he also denounced Bitcoin in favour of crypto currencies which do not use as much electricity as Bitcoin.

Yet here we are - Billions of value added to Bitcoin out of nothing.
Methinks the value of Bitcoin is even more arbitrary than that of fiat.
Meknows that somebody out there is pushing the difficulty of mining up and down to keep the value somewhat stable [sic] (and failing terribly).
Worse even than with fiat currencies and reserve banks. Way worse. For most of the world, that group is not even situated inside the borders of their country.
 
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really a great time to be alive... markets can go haywire after a few powerful people make a few tweets.

I
 
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