Elon Musk, the CEO of Tesla, SpaceX, and a millionaire serial meme poster, will constantly be in the headlines of the crypto market. This practice of playing with the crypto market made using his tweets has been fairly widespread in recent years.
Many cryptocurrency investors and other crypto market participants frequently complain about Elon’s refusal to be serious with his tweets. Still, Elon Musk, who can’t seem to make up his mind about Bitcoin, the world’s largest cryptocurrency, decided to add fuel to the fire on Friday with his tweets on Bitcoin “maxis.”
In May, Elon Musk suspended the purchase of Tesla’s electric vehicle using bitcoin, tweeting, “We are concerned about the rapidly increasing use of fossil fuels for Bitcoin mining and transactions, particularly coal, which has the worst emissions of any fuel,” and also expressed concern for the environment, Stating “Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment.” in his tweet.
On May 13, the value of bitcoin plummeted dramatically as a result of a single tweet. But, unfortunately, Now-Again Elon Musk has decided to take another shot at Bitcoin and its supporters.
His earlier efforts to persuade the makers of the world’s largest cryptocurrency to make it more energy-efficient resulted in the erasure of its profits and drew widespread condemnation from Bitcoin investors.
Mr. Musk addressed Bitcoin “maxis” on Friday. Tweets with the question, “How many Bitcoin maxis does it take to screw in a lightbulb?” He brought up the widely held worry about the energy usage in Bitcoin trading and mining once more. Who supports crypto over all other digital currencies, such as Dogecoin, demonstrating interest in bitcoin.
Soon after, he responded, “That’s not funny! – Bitcoin maxis.”
Many other well-known cryptocurrency investors also responded to Musk’s post. Some users were positive about Elon Musk. One person responded to Mr. Musk’s query by tweeting a dig. According to the user, two Bitcoin maxis could screw in a lightbulb.
Bitcoin is currently at an all-time low after two major collapses in the previous month. First, in May, Tesla stopped accepting Bitcoin for pre-ordering Tesla vehicles as it was starting to rebound from the first crisis.
Last week, bitcoin saw a second slump as a result of China’s broadening crackdown on cryptocurrencies. As a result, everyone’s attention is now focused on bitcoin, and everyone is waiting to see how Mr. Elon Musk’s comments affect the cryptocurrency market.