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Musk Tweets Bitcoin With Broken Heart, Price Slumps – Buy The Dip?
Last Updated: 04 June 2021
The Bitcoin price has slumped. Guess why? It’s Tesla boss Elon Musk having another go at Bitcoin.
The billionaire CEO of the popular electric vehicle company seems to be bringing his long affair with crypto – or at least bitcoin – to an end by continuing to undermine the top digital asset’s value. Or at least, that’s what it seems.
Bitcoin Price Drops 4% Following Musk’s Tweet
In May, Elon Musk announced his EV firm would no longer support Bitcoin payments due to the environmental concerns surrounding its proof-of-work (PoW) mining protocol. A month later, Musk seems to be closing his long affair with Bitcoin if any meaning is deciphered from his June 4 tweet.