Baxia Markets
July 23, 2021

Bitcoin price stable at $32000 level, future uncertain

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Elon Musk has apparently changed his mind about bitcoin again. The billionaire founder of SpaceX said Tesla would likely accept bitcoin again in the future after dropping the cryptocurrency over environmental concerns. “It looks like bitcoin is shifting a lot more towards renewables,” Musk said without any evidence during a Livestream discussion on the B-Word Conference with Twitter founder Jack Dorsey on Wednesday.





Tesla started accepting bitcoin in late March, only to reverse course less than two months later. Musk said at the time that he was worried about the environmental impact of bitcoin, which requires an enormous amount of energy to mine. But the environmental problems surrounding bitcoin have been known for years and cynics would likely conclude Musk is merely trying to manipulate the price of bitcoin.


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