Musk: To Bitcoin or not to Bitcoin

Team Luno
Back to blog


1 minute read

Elon Musk caused a stir this week with the announcement that his electric vehicle company, Tesla, will no longer accept payments made with bitcoin, citing concerns about Bitcoin’s energy consumption. He did note that they will continue to hold $1.5 billion of the cryptocurrency on their books, leading some to suspect his motives. Naturally, the crypto community had their say.

 

 

 

 

 

 

 

 

 

 

 

So what do you think? Is Musk a villain or a hero? Let us know on Twitter.

Avatar Team Luno
Author

Team Luno

On our way to the moon, we write about all things crypto. And don’t forget we’re humans too. Our blog conveys the views of Luno and the many unique opinions and characters within our team. We’ll never provide you with financial advice, and we urge you to conduct your own research before purchasing or trading any cryptocurrencies. It’s a brave new world out there, and the market can be volatile at times, so never trade with funds you can’t afford to lose. Want to let us know how much you love our blog? Tweet us @LunoGlobal.

It’s never too late to get started

Buy, store and learn about cryptocurrency today

Desktop Icon Apple App Store Logo Google Play Store Logo