BITCOIN BULL STRIKES AGAIN: Tesla CEO Elon Musk Again Tweet’s About BTC

Elon musk’s tweet again altered the price of bitcoin by a positive tweet allowing the transaction of BTC for Tesla, eventually hiking its price nearly 10 percent.

Highlights

  • Bitcoin’s rise after Elon Musk replies to Magda Wierzycka on Twitter.
  • Russian Foreign Minister Sergei Lavrov stated that cryptocurrencies will have an important role in international settlements. 
  • Bitcoin again hits the $40000 mark after a recent crash.
  • “Bitcoin emits less than 2% of the military-industrial complex carbon emissions.” Says, Bitcoin Magazine. 

Tesla’s CEO Elon Musk has given a befitting reply to Sygnia CEO Magda Wierzycka after she allegedly blames Musk for “manipulating” the crypto market with his tweets.

In a recent interview with Bruce Whitfield in the Money Show, Magda said that “What we have seen with Bitcoin is price manipulation by one very powerful and influential individual.”

She added, “Musk’s recent social media activity on the price of bitcoin should be investigated by US Securities and Exchange Commission (SEC). 

In exchange for tweets and arguments, Musk took the criticism healthy and counter it with more factual and global responsible factors to initiate a new way of thinking in robust minds.

The following tweet reads, “This is inaccurate. Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market. 

When there’s confirmation of reasonable (~50%) clean energy usage by miners with the positive future trend, Tesla will resume Bitcoin transactions.”

Musk confirms that the e-vehicle giant has so far sold only 10 per cent of their bitcoin holdings to check the liquidity of the currency without altering the value of the digital currency.

He also added, “If miners get a reasonable source for bitcoin mining with clean and eco-friendly energy source, his company will start accepting bitcoin purchases and transactions.”

Russia’s great approach considering bitcoins future

In between the chaos of market crashes and arguments, Russia’s foreign minister, Sergey Lavrov came up a step ahead in the matter of virtual assets. He quoted that, “I think the time will inevitably come when cryptocurrencies will play a very significant role, occupy a very significant segment of international settlements.”

Source: Bitcoin News- Twitter Handle

The Russian Foreign Minister Sergei Lavrov discussed the future of digital currencies as a worldwide settlements layer at the Primakov Readings Forum. Lavrov alluded to these resources as having a “huge job” later on. Russia has been endeavouring to de-dollarize a portion of its exercises, and this assertion may offer a brief look into likely arrangements.

Russia on a serious note wants to decrease the dollar investments into its infrastructure to be able to protect itself from possible increased sanctions. 

These are considered to be strong political statements that show Russia’s independency from dollar to do e-commerce. 

The issuance of an advanced ruble may likewise have a vital influence in this de-dollarization push. Lavrov announced that the improvement of a national bank computerized cash was at that point in progress in Russia. Indeed, the bank of Russia has uncovered they will assemble a model in the year’s end. The money will be intended to work similarly that the computerized yuan works, with the public authority in charge of the convention. Nonetheless, business banks will likewise have the chance of offering intermediation administrations.

An Incremental tweet for bitcoin

In between the crypto market crash, A single positive tweet stormed the price of Bitcoin surging it to nearly 10 percent from its previous fall. Investors look more bullish even in the crashed market to pick up the most iconic crypto and altcoins.

Recently, A surge in the crypto market has been reported after the current crash of bitcoins and altcoins dragging the attention of many mid-cap investors into different cryptos. 

Tesla CEO and so-called dogefather tweet did it again. Bitcoin reaches the $40000 mark again after the recent fall. 

After Tesla stopped bitcoin purchases, the market fell and wiped $600 billion worth of wealth according to CoinGecko. The value of more than 7000 tokens has been shrunk to nearly 50% from its all-time high.

Right after the tweet from Elon Musk Twitter handle which states that ” Mining bitcoin is polluting the environment and hence Tesla stops Bitcoin vehicle purchases.”

Bitcoin Magazine came up with more robust data which shows that bitcoin mining only produces 2 percent of carbon emissions comparative to the military-industrial complex.

Source: Bitcoin Magazine Twitter Handle