Tesla Elon Musk quits Bitcoin. “Cryptocurrency mining is bad for the global environment”
Tesla’s Elon Musk has announced that he will stop using Bitcoin payments, and crypto assets are plummeting across the board. The problem is that the market capitalization of crypto assets has increased, which has a considerable impact on the financial markets as a whole. Tesla bought $ 1.5 billion worth of Bitcoin in February and is also a major investor. It is uncertain whether the financial authorities can move, but it is doubtful that crypto assets can really be treated as “assets” when such market manipulation is allowed.