MONEYWEB
app instead?
But old-timers have seen this movie before and are going nowhere.
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The âtwarâ between Musk and Bitcoiners is a setback, but itâs not the end, says BitFundâs Dean Joffe. Image: Bloomberg
Bitcoin is down 26% this week as Elon Musk went to war with the bitcoin crowd over his disapproval of the cryptocurrencyâs energy consumption, and decided to reverse his earlier decision to allow purchases of Tesla cars in bitcoin.
Musk became an object of derision among bitcoin fans, as well as Dogecoin founder Jackson Palmer, who tweeted: âReminder: Elon Musk is and always will be a self-absorbed grifter.â