Tesla’s move to stop Bitcoin payments wipes out hundreds of billions of dollars in crypto market
May 14, 2021
Tesla’s move to stop Bitcoin payments over energy use concerns has wiped out hundreds of billions of dollars worth of market value in the cryptocurrency market.
Yesterday, we reported that Tesla stopped accepting payment in Bitcoin for its vehicles.
Shortly after, Elon Musk announced that Tesla is suspending the payment option over concern about the use of fossil fuel to power Bitcoin…