Elon Musk’s Love/Hate Relationship with Bitcoin
Elon Musk is one of the biggest inventors and influencers of the technological and digital world. In 2021, he created havoc by announcing that Tesla would start accepting Bitcoin as payment for his cars. Bitcoin was on the rise, but then two months later Elon Musk changed his mind and evoked the announcement due to ‘environmental concerns related to Bitcoin and its mining’.
He has recently hinted once again that Bitcoin might still be accepted as payment for his electric cars, but that still hasn’t become the reality. On the other hand, Elon Musk seems to be a great fan of Dogecoin as he keeps on promoting it via Twitter.
Every time Tesla’s CEO mentions Dogecoin on social media, the cryptocurrency rises in value significantly and now Tesla even allows owners of Dogecoin to use this meme-themed cryptocurrency to buy its merchandise!
