We've all heard the news by now, Elon and TSLA stopped accepting BTC due to environmental concerns, but that doesn't pass the smell test
By now you've likely heard why bitcoin fell off a cliff the past few days.
It was mostly due to this:
Elon has them paper weak hands
This just came out and dropped bitcoin by $8k as well as Tesla's stock price:
This is pretty shocking considering the makeup of bitcoin mining hasn't changed much in the last several months yet somehow Elon's view of it has.
This guy changes his mind more than a 5 year old child!
Here's his actual reasoning:
Hopefully this doesn't start the war on bitcoin/crypto mining that seems to have been brewing for several months now...
Probably going to moon DOGE.
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The funny thing about this was that there was no mention of the environmental damage his rockets do, or the lithium mining used for his batteries do to the planet.
However, the biggest question for me was how did Elon not know this was an issue 6 months ago when he bought bitcoin?
Nothing changed with the mining process over the last 6 months and Elon had to know that.
Which is pretty odd when you really think about it...
My guess is someone got to him.
Either the board of directors or the flaming liberals and their go green initiative or a combination of all the above.
Either way, this was very strange and not something that even made that much sense.
Even CNBC questioned his reasoning saying that he had to have known the mining process when he first put 8% of the companies money into bitcoin 6 months ago.
Either way, this will probably end up being a great buying opportunity several months from now.
Did you buy?
hhhhhhhhhhh With his money he bought an army of stupid investors, he started telling them: I will buy today, so instead of buying he selling after they buy because they are stupid. All this because in the past he fulfilled his promise and bought several times after he declared that, but recently when he knew that the market is moving with his words, he does not need to buy after he declares it, but only after he needs to sell lol
I've Said it before and I'll say it again Elon Musk is a Stupid Douche
Here is a nice read about the Douche
https://www.reddit.com/r/EnoughMuskSpam/comments/8ztj80/the_myth_of_elon_musk/