Elon Musk Teslsa latest move on Cryptocurrency

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Elon Musk, the head of Tesla Inc., changed his position on adopting digital currency and sold it for the second consecutive trading day after the US investigation conducted by Binance in the US, thereby making Bitcoin It fell to its lowest point in more than two months. world. …

After Musk stated that Tesla will no longer accept digital tokens as payment for its electric cars, the price of the world’s largest cryptocurrency dropped by 17% on Wednesday in a transaction on Thursday.

Binance, a study by the U.S. Department of Justice and the U.S. Internal Revenue Service requires information from people who know its business.

“Bitcoin’s critics (prices in India) will once again hit many gorgeous figures trying to connect with the universe. said Paolo Ardoino, CTO of Bitfinex Cryptocurrency Exchange.

“It’s important to remember that Bitcoin is much bigger than today’s celebrities.

I am indeed the creator and shaker of the universe. Bitcoin fell to $45,700, its lowest level since March 1, and recently gained 1.6 % To $48,595, the second largest cryptocurrency Ethereum (price in India) fell to an intraday low of $3,543.62, and the last conversion turned the owner to $3,633, the lowest price of $4.Ethereum hit a record high of $4,380.64 on Wednesday.

Tesla announced on February 8 that it had purchased $1.5 billion worth of Bitcoin and accepted it as payment for its electric cars, which is a factor in the growth of this year’s digital currency. Musk is under pressure from Bitcoin’s environmental impact.

Why does Bitcoin mining use crazy energy?

Cryptocurrencies rely on competing computers to use large amounts of electricity to solve complex mathematical problems.

“We are worried about the increasing use of fossil fuels in Bitcoin. “Mining and trading, especially coal, has the worst emissions of all fuels,” Musk tweeted.

Musk’s remarks shocked the market. , Although he said that Tesla will not sell Bitcoin, once “mining” starts to obtain more sustainable energy, it will accept Bitcoin again.

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