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Elon Musk Faces Backlash After Suspending Bitcoin For The Purchase Of Tesla

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Tesla CEO Elon Musk announces that electric car Tesla would no longer be available for purchase buy bitcoins or any other crypto currency. Soon after Musk made the announcement the value of bitcoin drastically falls. Earlier this week Elon Musk’s comment on Dogecoin crashed its value to 23%. And now the value of bitcoin drops as well. Check out everything you need to know about it.

Musk Suspends Bitcoin For Purchasing Tesla

After Dogecoin, Elon Musk causes the crash of the value of another cryptocurrency. On Wednesday Tesla CEO made an announcement where he confirms that due to environmental reasons Tesla can no longer be bought by cryptocurrencies. Which made bitcoin lose its value to a large extend. He’s tweet says that crypto currencies are a great idea at many levels but not at the cost of environment. And hence he is electric cars cannot be bought with it.

Picture via google images

However, Musk’s decision was criticised by several environmentalist that thought otherwise. The environmentalist I sure that the reason couldn’t be same as Tesla anyways use turbo charge. Musk faced major backlash after words from not just environmentalist but several other celebrities who invested everything in crypto currency. According to some environmentalist and people the decision was unnecessary and not required at the moment.

Conclusion

People even started trolling him all over the social media for the decision that he has taken. However, on the other hand the value of bitcoin crashes down to a large extent soon after he made the announcement. Musk majorly faced backlash as he was the one who popularised these crypto currency. Majorly bitcoin and Dogecoin. And now he’s only being the one who is crashing down the value of both.

 

Earlier this week when musk was asked by the host of Saturday night live if the crypto currency was a hustle. To which he responded by saying that it definitely is a hustle. After which its value crashed down by 23%. People don’t seem very happy from Musk’s announcement anyways. Stay tuned with us for more such details about your favourite TV show on celebrity.
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