Tesla reverses course on Bitcoin for Tesla... Bill Maher 1 - Crypto Investors 0

Here is the latest headline that is causing a bit of a dip in the price of crypto. 


We shouldn't be shocked that Elon Musk did a 180 on whether or not Tesla should accept Bitcoin as a form of payment. He tends to flip flop quite frequently, and has earned the right to do so. Unfortunately that also has very important effects on the price of assets. 

Nothing has changed in the last couple of weeks regarding Bitcoin's energy usage. So why make an announcement a month or so ago to accept it, and now reverse course? My guess is that he would like to put some pressure on politicians and on the crypto giants to improve their carbon footprint.

I can't be certain whether or not Bill Maher had any effect on this decision, but that being said, here were his arguments a few weeks ago on why he thought Bitcoin was BS. Enjoy:

https://thrivingwithinterest.blogspot.com/2021/05/cryptos-are-bs-bill-mahers-arguments.html



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