Elon Musk – HiTechEdge

Bitcoin Plummets on China and Elon Musk Concerns

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Bitcoin plummeted to almost $30,000 amid another crackdown by China and Elon Musk saying Tesla would no longer accept it as payment.

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On the heels of Tesla no longer accepting Bitcoin as payment, Elon Musk has said he is working with Dogecoin’s developers.

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Tesla’s decision to stop accepting Bitcoin for payment led to some $365 billion of value being wiped from the crypto market.

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Tesla will no longer accept Bitcoin as payment for Teslas, reversing a policy only weeks after it went into effect.

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In its continuing journey from meme to legitimate cryptocurrency, dogecoin will be used to pay for an upcoming SpaceX mission.