Tesla CEO Elon Musk tweets and Bitcoin jump, again | Traffic Companies News
A recent Musk tweet that would allow a sale of Bitcoin to Tesla sent an increase of about 10%.
Tesla Inc CEO Elon Musk wrote that the gas producer has re-introduced the practice of Bitcoin while mining operators who prove they are selling use more and more power.
“With the guarantee of the optimal use of energy (~ 50%) of miners with a bright future, Tesla will once again allow the Bitcoin process,” he said in a tweet on Sunday.
Bitcoin rose 9.8% to $ 39,035.47 on Sunday, adding $ 3,492.71 at the end of the month.
Musk’s comments respond to a report in the Cointelegraph, citing Magda Wierzycka, South Africa’s general manager, Sygnia, stating that Musk’s recent tweets on Bitcoin should prompt the US Securities and Exchange Commission to investigate.
Bitcoin, the most popular name in the world, is 40.7% from a year low of $ 27,734 on January 4. It was about 1% to $ 38,881 from 7am in Hong Kong on Monday (23:00 GMT Sunday).
Ether, a network-connected blockchain network, rose 7% to $ 2,532.77 on Sunday, adding $ 165.77 at the end of the month.
Musk also said that Tesla sold about 10% of its guarantee that Bitcoin could be easily eliminated without moving the market.
‘Good powers’
“The site has also increased interest as Elon’s views appear to be changing and providing a target that is not far off,” said Jonathan Cheesman, chief of brokers and brokers at crypto derivatives exchange FTX. “The meeting was already a time when the market was considering an acquisition from MicroStrource and G-7’s comments on crypto did not participate, although they did have hopes for new digital innovations.”
MicroStr Strategy Inc, whose Chief Executive Officer Michael Saylor has become a well-known Bitcoin publisher, last week encouraged unscrupulous donations to buy cryptocurrency for up to $ 500m from $ 400m.
Musk has cracked down on Bitcoin and other mobile tokens in recent months. In February, Tesla announced that it had purchased $ 1.5bn in Bitcoin and indicated its initial intention to accept Bitcoin as a traffic fine. In March, Musk posted a message online saying, “You can buy Tesla with Bitcoin,” only in May that the practice was suspended due to complaints about the use of oil on Bitcoin products. Bitcoin fell more than 10 percent after the tweet.
The U-turn has been difficult, as Wierzycka pointed out, probably because the actions of Tesla and Musk have had an impact on the price of bitcoin. While there are some problems out there, ranging from set-up and variation of the positive side to the stability and complexity of the negative, Musk tweet can change drastically and can monitor the issue for days or weeks.
