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21/07/ · Elon Musk says he’s invested in bitcoin and wants to ’see it succeed‘ By Clare Duffy, CNN Business. Updated PM ET, Wed July 21, JUST WATCHED Bitcoin and crypto’s ‚Elon Musk . 2 days ago · Tesla chief executive Elon Musk has opened up about the electric car company’s total Bitcoin (BTC) holdings. Musk says on Twitter that the technology giant owns “close to” 42, Bitcoin, which is worth more than $ billion at time of writing, according to CoinGecko. 22/07/ · Bitcoin has jumped past $30, as Elon Musk said Tesla is „most likely“ to start accepting it as payment again. The electric carmaker said in May that it would no longer accept the cryptocurrency. 22/07/ · Cryptos Bitcoin rises as Elon Musk says, ‘I might pump, but I don’t dump’ Published: July 21, at p.m. ET.
The token was just recovering from a broader cryptocurrency crash last month in the wake of increased regulatory scrutiny from China. His tweet came three weeks after Tesla halted payments in the digital asset. He then tweeted a comic strip thread of a couple discussing how they’re yearning for each other. Musk also replied „nice“ to a GIF image of meme-based cryptocurrency dogecoin posted by crypto exchange Coinbase. The billionaire’s tweets have often seemed to influence the cryptocurrency’s price movement as he has been one of the most prolific backers of its decentralized technology.
In recent days, however, Musk has taken a more controversial stance by suspending Tesla payments made in the asset, citing issues related to its massive energy consumption. The Tesla boss has previously said his EV-maker, which is the second-largest corporate holder of bitcoin, has not sold any of its holdings. He also claims he is holding on to the ever-volatile dogecoin, but he’s never said how much of the meme crypto he actually owns.
Musk’s tweets recently caused another market movement outside the crypto world. Read more: The CEO of one of the largest crypto wealth managers shares his tricks for playing the DeFi market – and lays out 3 tokens with surging revenue streams.
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The latest leg up came in as Elon Musk, Jack Dorsey and Cathie Wood spoke during a panel on the future of Bitcoin. Other cryptos advanced too, including Ether and Dogecoin, while the Bloomberg Galaxy Crypto Index was also in the green. Musk, the chief executive of Tesla Inc. He also said Space Exploration Tecnologies Corp. The Bitcoin price has been stable, and we have not seen any panic selling.
Bitcoin has faced a range of obstacles, including stepped up regulatory scrutiny in China, Europe and the U. Investors have also generally become more cautious about speculative assets. Proponents argue the virtual currency offers an inflation hedge and will win wider institutional acceptance. What are Bitcoin, blockchain and cryptocurrencies and can they lead to a more equitable, decentralised finance system?
Recovery of most of ransom paid to Colonial Pipeline hackers undermines case that Bitcoin is beyond government control. El Salvador announces plans to make Bitcoin legal tender, but other countries are concerned about cryptocurrencies. Bitcoin tumbled after China said it had summoned bank chiefs to reiterate ban on providing cryptocurrency services. By Eric Lam Bloomberg. Source: Bloomberg.
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Crypto mining has been getting a lot of negative press over the past few months. New FUD has regarding crypto energy use has entered the mainstream now …. Bitcoin will never adopt PoS. The stakeholders in the Bitcoin network can’t even agree on a change to the block size. What makes anyone think they could ever successfully pull off a switch to PoS? It’s pure fantasy. The problem with PoW energy use is that it isn’t a necessary use.
There are plenty of layer 1 projects a person could back with their investment dollars and development energy. Bitcoin as a project is useful in the same way that Yahoo search is useful. If you want to do social media there’s AOL, right? Hi BitBoy, another great video, appreciate it.
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The electric carmaker said in May that it would no longer accept the cryptocurrency for purchases. It had cited concerns over the environmental impact of Bitcoin mining which uses huge amounts of electricity. That move came less than two months after the company began accepting the world’s biggest digital currency as payment. Some Tesla investors and environmentalists attacked Tesla’s decision earlier this year to start accepting Bitcoin as payment.
The dispute highlighted the issue of what are seen as environmentally-friendly electric vehicles being purchased using an energy-intensive cryptocurrency. Given that Bitcoin mining uses large amounts of electricity, concerns have been raised over whether the energy is from fossil fuel or renewable sources. Mr Musk was also criticised for using his popularity and position as one of the world’s richest people to back cryptocurrencies.
During his appearance at the B Word conference Mr Musk said that, along with the Bitcoin owned by Tesla and his his rocket company SpaceX, he personally held Bitcoin and the cryptocurrencies Ethereum and Dogecoin. He also addressed claims that he had helped to artificially increase the price of cryptocurrencies before selling them: „I might pump, but I don’t dump I definitely do not believe in getting the price high and selling I would like to see Bitcoin succeed.
Other speakers at the B Word conference included Twitter chief executive Jack Dorsey and ARK Investment Management boss Cathie Wood. EU plans to make Bitcoin transfers more traceable.
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Bitcoin Elon Musk Purchase. The company also said it would start accepting bitcoin as a payment method for its products. Musk, who’s rocketed to the top of the world’s rich lists thanks to tesla’s soaring share price, regularly. Technology entrepreneur and Tesla CEO Elon Musk said that … from i. Elon musk first criticized bitcoin probably causing its price to drop.
Tesla ceo elon musk is a supporter of bitcoin and other cryptocurrencies. Remarks by tesla ceo elon musk about bitcoin follow references to the highly volatile stock gamestop. The news has sent the market soaring after a sec filing was published showing that… — elon musk elonmusk may 12, The news has sent the market soaring after a sec filing was published showing that… Cointelegraph reached out to elon musk for additional details, but received no response as of press time.
Elon musk says bitcoin prices ’seem high‘ after record week. Elon musk’s plunge into bitcoin is a dangerous bet that could saddle tesla with big losses. As previously explained by cnbc’s katy rooney, the company was expected to book the loss due to accounting rules First, elon musk and tesla did not sell any bitcoin because of these energy concerns.
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Elon Musk With Bitcoin. Now that elon musk has actually confirmed that he thought bitcoin was a good thing, and that he saw a great future for bitcoin, we need to think about what could elon musk should tweet his message to his 44 million followers to help the general public understand that bitcoin is a true monetary revolution. Being a bitcoin and cryptocurrency enthusiast, elon musk has been linked to many bitcoin and cryptocurrency platforms that in the real sense, he.
Bitcoin price live: BTC and dogecoin values slump after … from bitblogger. I don’t think elon musk really believes the basis of his tweet. His company tesla, however, has sold some of its bitcoins, which musk says it’s essentially to prove liquidity of bitcoin. Tesla said it was trying to maximise returns on cash that is not.
Some of them use bitcoin addresses containing the name elon musk, spacex. The price of bitcoin rose on monday after elon musk, the billionaire tesla chief executive, said he was a supporter of the cryptocurrency. As elon musk tweets go, so goes the crypto market. Tesla ceo elon musk has confirmed that he owns bitcoin and has not sold any of his holdings. Musk said he was late to the party in backing bitcoin.
Elon musk has been added to the lineup.
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A victim of online scammers, who was conned into giving away her savings, has warned others not to make the same mistake. It used the name of entrepreneur Elon Musk and a story on a fake BBC website suggesting she could double her money in a giveaway of the cryptocurrency. The Brighton teacher said: „I think about it every minute of every day.
Ms Bushnell, an investor in cryptocurrency, spotted an item on a website that appeared to use BBC News branding, claiming Mr Musk, the billionaire boss of the Tesla car firm, would pay back double the sum of any Bitcoin deposit. When no reciprocal payment arrived it dawned on her that she had become the victim of a scam.
She said: „It has affected me massively. I wish I could have that time back – go in a time machine and not make those couple of clicks. Ms Bushnell, who has reported the crime to Sussex Police and Action Fraud, added: „They have robbed me of my dignity, self-respect, self-worth and strength. They have sucked all the goodness of life out of me.
The BBC said it was taking action to have the site closed down, adding: „We urge people to check the veracity of [websites] and not to supply any personal information.
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22/07/ · Elon Musk Reveals Spacex Owns Bitcoin, He Personally Owns BTC, Ethereum, Dogecoin — ‚I Might Pump but I Don’t Dump‘ Spacex and Tesla CEO Elon Musk has revealed that he personally owns bitcoin. 24/07/ · Elon Musk has long been a proponent of cryptocurrency, and now the SpaceX CEO has acknowledged for the first time that his privately held aerospace business also holds Bitcoin. Musk disclosed the his main assets that drive his huge fortune while speaking at The B Word conference, an event organised.
Yes, add me to your mailing list. Elon Musk has long been a proponent of cryptocurrency, and now the SpaceX CEO has acknowledged for the first time that his privately held aerospace business also holds Bitcoin. Musk disclosed the his main assets that drive his huge fortune while speaking at The B Word conference, an event organised by the Cryptocurrency Council for Innovation, with the linkings of Twitter CEO Jack Dorsey and ARK Invest CEO Cathie Wood.
Musk revealed that SpaceX does have Bitcoin while speaking at a bitcoin-focused conference at around the 8-minute mark during the video conference. The year-old business mogul did admit to owning Bitcoin and Ethereum, the second most popular cryptocurrency. Musk went on to say that both SpaceX and Tesla hold bitcoin, and that he is open to Tesla adopting bitcoin as a method of payment if bitcoin mining becomes more energy-efficient.
Are you wondering if Musk has any Dogecoin? Yes, he has. Musk stated that he had invested in the Shiba-Inu face-themed digital money, which began as a joke but grew in popularity after getting celebrity endorsement. He also utilised the platform to express his desire for Bitcoin to flourish. Besides, Musk stated unequivocally that neither SpaceX nor he himself desired to abandon Bitcoin.
Aside from the aforementioned investments, Musk stated that he holds a share in two of his early-stage private firms, Neuralink and The Boring Company, although these investments are minor in comparison to the others. On Thursday, Bitcoin increased by 6.