Elon Musk Halts Tesla’s Bitcoin Transactions
The cryptocurrency market continues to see noteworthy developments. Accordingly, Elon Musk’s company Tesla, addressed a significant issue in its latest statement. According to the statement, after passing through the board, Elon Musk unilaterally stopped Tesla from accepting Bitcoin, ignoring certain board directives.
A Noteworthy Move Directed at Elon Musk
This development, which hit the headlines like a bombshell, opened up a significant debate among investors. Additionally, according to the statement, Elon Musk also discussed the idea of repurchasing billions of dollars worth of stocks during a profit call without informing the board.
In the 2021 bull rally, Elon Musk played a significant role with Bitcoin and Dogecoin. Tesla’s investment in Bitcoin and its acceptance for car sales had marked that period, helping cryptocurrencies secure a place in today’s world. However, as time progressed, Elon Musk targeted the energy consumption in mining activities, announcing that the company would no longer accept Bitcoin.
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