Tesla CEO Elon Musk and the Bitcoin probably have a more volatile on-off relationship than many stars. Especially after the last price slump due to Tesla’s withdrawal from Bitcoin payments, few probably expected Musk to change his mind again. He had sat down with miners and discussed the issue of sustainability. The miners are willing to disclose already planned uses of renewable energy and to encourage others to do the same. The new post from the Tesla boss, however, only caused the share price to rise slightly. The fluctuations show what an enormous influence Elon Musk has on the crypto industry, although some are losing confidence because future posts will no longer show such a clear line.
It definitely remains exciting to see how this on-off relationship will develop.