Similarly, Bitcoin has seen tremendous growth in recent years with the tweet that Tesla vehicles can be bought with Bitcoin. However, the value of Bitcoin has plummeted, although only a hint can be read in Musk's tweet the other day.
Musk only hinted that he might break with Bitcoin. By then, the price of Bitcoin had dropped to $ 36,980 in London. It is down about 5.4 percent. This incident underscores once again the argument that the value of cryptocurrencies is unreliable.
Just last month, it announced that it was withdrawing its decision to allow Bitcoin to buy Tesla cars. Musk pointed out that this was due to the damage done to nature during the creation of Bitcoin. China's recent announcement that it will crack down on cryptocurrency mining and trading in China has also led to a sharp rise in the value of bitcoin. Musk's latest tweet contains a broken heart emoji and a reference to Linkin Park's famous song "In the End". Bitcoin was valued at $ 65,000 in April. Of this, about $ 33,000 has now fallen.
Meanwhile, Bitcoin fans believe it is still about to jump. However, there are those who believe that Musk's tweet about the environmental impact has dealt a heavy blow to cryptocurrency. Tesla said it had invested $ 1.5 billion in Bitcoin and later sold 10 percent of it. Despite this, the value of Bitcoin has grown by 280% over the past year.
