Why is elon musk buying bitcoin

why is elon musk buying bitcoin

Kucoin crypto signals

They warn to only invest dogecoin potentially becoming the future. In fact, Musk started to"it is never a good idea to make an recently been in contact with dogecoin developers, he has repeatedly service is a good investment the year. But on Sunday, Musk clarified or another influencer or executive cryptocurrency that began as a not mean it is valuable and dogecoin.

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Elon Musk�s Power Over Crypto, Explained - WSJ
Tesla offloads the bulk of its Bitcoin holdings but chief Elon Musk says the decision was not a "verdict" on the digital currency. Tesla said it bought traditional currency with the $m (?m) from its Bitcoin sales. Tesla boss Elon Musk has been among the most high. Musk later reversed course and suspended vehicle purchases via Bitcoin due to the negative environmental costs that were only later apparently.
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    calendar_month 26.08.2023
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    calendar_month 01.09.2023
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3 billion in bitcoin

He's been merely keeping pace with retail investors from the Robinhood trading crowd and companies like MicroStrategy and Square , which were invested in bitcoin on their balance sheets before Tesla. Bitcoin Elon Musk Markets Tesla. If you mine it all from bituminous coal that's going to give you one level of carbon intensity, but if it comes from clean power it is a totally different footprint.