Can Elon Musk Be Blamed for Crypto Volatility?
May 14, 2021
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6:53Now PlayingCan Elon Musk Be Blamed for Crypto Volatility?
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as posted by the channelMay.14 -- A single tweet from Elon Musk, announcing that Tesla Inc. would stop accepting Bitcoin as a form of payment, wiped hundreds of millions of dollars out of cryptocurrency markets. Some of that has been recovered, namely in Dogecoin, following yet another endorsement from Musk and Coinbase Global Inc. officially bringing Dogecoin onto its platform. But Bitcoin is still down and Square Inc. halted Bitcoin purchases altogether. Bloomberg's Ed Ludlow and Joe Weisenthal report.
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