A month ago, the prices of Bitcoin plunged 30% after renowned Tesla and SpaceX CEO Elon Musk informed his followers that Tesla would stop receiving Bitcoins as payments amidst the growing environmental concerns over Bitcoin mining.
This news was not received very warmly by cryptonians. While some found it treacherous to have one individual with the capacity to influence the crypto markets singlehandedly, others accoladed him for using his power to ambassador healthier bitcoin mining methods.
Turns out, as Kevin O’Leary speculates, it was Tesla’s shareholders’ call to drop Bitcoin payments for purchases of e-cars.
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MarkRoberts
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