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HomeTechBitcoin latest – Elon Musk’s shock Tesla announcement sees price PLUMMET, plus Shiba Inu & Dogecoin cryptocurrency

Bitcoin latest – Elon Musk’s shock Tesla announcement sees price PLUMMET, plus Shiba Inu & Dogecoin cryptocurrency

Bitcoin latest – Elon Musk’s shock Tesla announcement sees price PLUMMET, plus Shiba Inu & Dogecoin cryptocurrency

THE price of Bitcoin has crashed following a shock announcement from Elon Musk.

Musk yesterday released a statement saying Tesla would no longer be accepting Bitcoin for purchasing vehicles.

Posting to his personal Twitter account, he wrote: ” Tesla has suspended vehicle purchases using Bitcoin.

“We are concern about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which ash the worst emissions of any fuel.”

Within minutes Bitcoin started plummeting, presumably as much of the recent growth of the cryptocurrency was based on speculation of its future as a legitimate currency based off Tesla’s decision to accept payments.

Read our cryptocurrency live blog below for the very latest updates…

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