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Understanding Elon Musk's Outsized Crypto Market Influence

One tweet from Elon Musk can send the crypto markets soaring or, in the case of Tesla's reversal on bitcoin payments, spiraling. Dogecoin has jumped 22 percent after Musk tweeted that he was working with developers to improve the memecoin's network transaction efficiency. Why does Musk have such an impact on the crypto markets? "All About Bitcoin's" Week in Review panel discusses. Plus, a discussion of Coinbase's first earnings report.

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Elon Musk Says He’s Working With Dogecoin Devs to Improve Network

The price of dogecoin surged after Elon Musk tweeted he was working with the joke coin’s developers to improve the network’s transaction efficiency. This tweet follows on the heels of Musk’s announcement yesterday that Tesla would stop accepting bitcoin as a form of payment.

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Обзор рынка: Bitcoin падает второй день подряд после действий Tesla; эфир следует за ним

«Меня огорчает то, что слабые стороны и недавние покупатели видят в ELON Маске пророка, влиятельную и решающую фигуру в Bitcoin», — сказал ONE трейдер.

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Макглоун из Bloomberg утверждает, что биткоин по-прежнему покупают, несмотря на Tesla

Будет ли человек, предсказавший рост цены биткоина до 50 тыс. долларов в прошлом году, услышан или проигнорирован?

Some bitcoin mining facilities rely on coal-sourced energy outside of the rainy season.

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Elon Musk Says Tesla Suspending Bitcoin Payments, Citing Environmental Concerns

In a reversal, Tesla CEO Elon Musk says the electric car manufacturer would no longer be accepting bitcoin payments due to environmental concerns. The price of bitcoin and other cryptocurrencies dropped in response. “The Hash” panel debates the timing and what’s really behind Tesla’s U-turn.

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Мотивация Маска

ELON Маск — человек с большим влиянием. Достаточно ли он влиятельный, чтобы сделать Bitcoin экологичным?

MOSHED-2021-5-13-12-13-1

Видео

China’s Miners on Tesla’s Bitcoin 180; Animoca Brands: A Star is Born

Tesla’s Elon Musk backtracks on accepting bitcoin as payment for environmental reasons, and the Chinese mining industry reacts. A blockchain unicorn is born in Hong Kong as Animoca Brands raises $88 million in a new round of fundraising. Huobi Group launches a venture arm for blockchain and DeFi investments. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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Did Tesla's 180 on Bitcoin Payments Scare the Market?

Bitcoin prices dropped today after Elon Musk tweeted a statement indicating that Tesla would no longer accept bitcoin payments for its electric cars. Many in the crypto ecosystem blame Musk, but is the tweet really to blame for bitcoin's drop? And if it is, is it cause for concern that the behavior of individuals can so drastically impact the crypto markets? Kyle Samani of Multicoin Capital weighs in.

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