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Elon Musk Influences Cryptos Again by Another Announcement

22 July 2021, 13:05
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Tesla’s CEO Elon Musk made loud statements concerning Bitcoin again, which resulted in heightened interest in digital cash, according to the cryptocurrency news.

Elon Musk Influences Cryptos Again by Another Announcement

Photo sources: gettyimages.com

As the latest charts show, prices of the most popular cryptos – BTC, Ethereum, and Dogecoin – have spiked.

Musk promises to return BTC to Tesla

During The B Word conference, held on Wednesday, Elon Musk has announced that Tesla is going to accept BTC payments again once the mining process becomes not so harmful to the environment. In addition to this, the entrepreneur has admitted that his company SpaceX owns Bitcoin, and he supports the concept of digital assets and also holds cryptocurrencies. He also added that since he had acquired some cryptocurrency, he would like to see Bitcoin’s success. At the same time, Musk emphasizes that it is of high importance to be aware of the fact that crypto, especially BTC, uses “a bit too much” energy, which has a negative impact on the environment.

The billionaire’s announcement became the reason for the Bitcoin cost raise to more than $32 000 (over 7% surge). Ethereum and Dogecoin also benefited from Musk’s statement that he had bought these cryptos as well. Ether’s price climbed to $1 980. Dogecoin is up by nine percent to $0.18. Even minor cryptocurrencies such as XRP and Uniswap took a jump.

Read more: Latest Bitcoin price prediction

Read more: What is the Ethereum Classic price?

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