Elon Musk? OR Elon Dump?
Musk rejects Bitcoin as payment for Tesla cars
(Bitcoin), the world’s biggest digital currency, sold off sharply Thursday after seemingly losing the unconditional support of one of its most high-profile backers.
Tesla CEO Elon Musk said, in a tweet, that the electric-vehicle manufacturer is suspending the use of the cryptocurrency as a method to purchase its vehicles, citing concerns about the impact on the environment from bitcoin mining.
This really is happening.Bitcoins main purpose was to be decentralized but high profile persons like elon musk are trying to centralize it knowingly or unknowingly by influencing their power.
One tweet from musk can bring a huge pump or dump in the crypto market as whole since.All cryptos are pegged with Bitcoin. I recommend everyone who is new to the crypto market do keep these things in mind and do proper risk management if you really wanna invest in the crypto market. The future is very bright but can be risky at the same time if a proper research of the project you are about to invest in is not done.