Here’s when Elon Musk would create his own cryptocurrency
Cryptocurrency markets have been leaping and treading over Tesla Inc. chief Elon Musk’s tweets for months now.
Bitcoin recently suffered a huge dent in its rally after Musk stepped up his criticism of the currency as environmentally unsustainable.
He said in a tweet Thursday he worries about “massive use” of coal and other carbon-intensive energy to generate the electricity needed to mine digital currency.
Bitcoin is down about 13% this week and was last up 1.6% at $50,503. It has slumped over a fifth from its record of just under $65,000 hit last month.
However, on the other hand, he signalled his support for Dogecoin.