Serial crypto meddler
The
Musk is widely credited with being the driving force behind Bitcoin’s epic all-time high above
Alas, anyone hoping to climb aboard the 49-year-old’s Bitcoin-fuelled rocket ship to moon would be swiftly disappointed a week later as the South African dramatically aired his deep concern over its carbon footprint and the amount of fossil fuels being burnt up in the process of mining.
Pulling a u-turn over the Bitcoin payment scheme, the company decided it would no longer accept BTC until its impact on the environment was massively reduced.
READ MORE: Bitcoin rocked by Elon Musk’s dramatic Tesla announcement
His sudden denouncement of the world’s most dominant digital asset sent shockwaves throughout the crypto world, triggering a downward spiral of prices across the board. Pushed by further negative backdrops – such as China’s oddly-timed reiteration of its instructions to businesses over Bitcoin – cryptocurrency as a whole seemed to take an alarming backward step.
After a concerning weekend, though, where BTC bottomed out at
Exiting Sunday slightly below
And then came Elon Musk’s latest intervention via the medium of Twitter.
“Spoke with North American Bitcoin miners,” he declared.
“They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising.”
Nothing really happened.
The Musk magic touch which had been so guaranteed in the past to move prices – be it Bitcoin or the running joke of Doge – did not cause a sudden spike in value.
Truth be be told, the price of Bitcoin actually fell by
Those dropped dollars may have been a timely coincidence, but the hourly closes since Elon Musk’s apparent return to a warm glow over BTC have shown little interest in the
The question now, as the crypto world slowly digests the latest tweet, appears to be more about how tiresome Bitcoin lovers are growing over Musk’s monotonous meanderings, rather than how far he can swing the market with whimsical words.
READ MORE: Bitcoin gets the jitters as Elon Musk’s curious meddling continues
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