When electric automaker Tesla revealed in February that it had bought Bitcoin and, moreover, would accept it for car purchases, the price of the cryptocurrency rocketed up $4,000 in a matter of hours.
Now that Tesla CEO Elon Musk has stated the company will stop accepting Bitcoin for its cars until the blockchain network adopts more sustainable energy practices, the price of BTC has shed about the same amount in the opposite direction, bringing it just above the $50,000 threshold.
Bet.
I wouldn’t buy a Tesla with Bitcoin anyway.
— Okung (@RussellOkung) May 12, 2021
But a little price volatility never stopped Crypto Twitter from having a good time.
The biggest thing people marveled at was: Did Elon Musk know how Bitcoin mining worked? The process of minting new Bitcoins and validating transactions is purposely energy-intensive because the investment of those resources makes the network more secure. But Musk’s announcement reads as though he’s just getting wind that some people us
Źródło: https://decrypt.co/70702/crypto-leaders-react-to-elon-musks-bitcoin-environment-bombshell
