what is bitcoin? and what's the reation between Elon Musk and bitcoin ?
Answers
Answer:
In a tweet earlier this week, defending Musk's investments in bitcoin amid recent concerns related to bitcoin mining's impact on the environment, Scaramucci said Elon Musk owns over $5 billion in bitcoin via Tesla, SpaceX, and personally.
Answer:
Tesla’s relationship with cryptocurrencies has been a stop-start rollercoaster. In February, the electric vehicle manufacturer announced it had purchased US$1.5 billion (£1.1 billion) of bitcoin and planned to accept the cryptocurrency in future as a means of payment from its customers. The price of the largest cryptocurrency surged that day from just over US$39,000 to US$46,000, on its way to an all-time high of almost US$65,000 in April – and a paper profit of well over US$1 billion for Tesla.
Fast-forward a few short weeks and the situation has changed entirely. First came the news in late April that Tesla had sold 10% of its bitcoin holdings, reportedly to demonstrate the digital currency’s liquidity.
And more importantly, Musk has now announced on Twitter that Tesla has suspended purchases using bitcoin amid concerns about the “rapidly increasing use of fossil fuels” used in mining the cryptocurrency. This has prompted a huge sell-off in the crypto markets, with bitcoin plunging from around US$55,000 to the mid-US$45,000s, before recovering to around US$50,000 at the time of writing.
Explanation:
but still satoshi nakamoto is alive