Thursday, May 16, 2024

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    Musk turns Bitcoin around again

    The value of Bitcoin has risen by 12% after billionaire Elon Musk reiterated his plan, Tesla, to take over the e-currency once the Bitcoin mine was eco-friendly.

    Bitcoin has reached over $ 40,000 for the first time since May 21, when the value of the currency collapsed following the same person’s comments. Musk also announced that Tesla did not intend to accept the currency while the electronic coin digging was as eco-friendly.

    Musk has now removed all doubt that the company really intends to trade in the currency when the time comes. Musk reacted when a South African investor accused him of market abuse with his constant comments about Bitcoin.

    “Once confirmation of sensible (about 50%) clean energy consumption in e-currency mining with a positive outlook for the future, Tesla will once again allow bitcoin transfers,” Musk wrote.

    One Bitcoin was valued at about $ 65,000 in mid-April but had halved to $ 32,000 on June 8. Now could look to a better time for e-currency after a refreshing dip.

    Investor Paul Tudor Jones then pushed the Bitcoin market further with his remarks today that he sought to always have a certain amount of Bitcoin in his investment portfolio.

    A wave of skepticism has swept the e-currency world over the past month after Elon Musk quickly launched the last dip. Despite its subsequent collapse, the value of the currency has increased by 30% since the beginning of 2021.

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