Cryptocurrencies

What Crypto Insiders Think About Elon Musk’s Bitcoin U-Turn

WATCH: Elon Musk says Tesla will no longer accept Bitcoin because of climate concerns.(Source: Bloomberg)

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By Joanna Ossinger

May 13, 2021 at 2:49 AM EDT

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Cyptocurrency enthusiasts got a nasty shock Wednesday when Elon Musk, founder of Tesla Inc. and the second-richest person on the planet, announced on Twitter that his automaker wouldn’t accept payment in Bitcoin any more due to environmental concerns.

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Before it’s here, it’s on the Bloomberg Terminal

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