Early crypto pioneer slams Elon Musk’s ‘hypocrisy’ on Bitcoin payments

Early crypto pioneer slams Elon Musk’s ‘hypocrisy’ on Bitcoin payments

One early cryptocurrency entrepeneur thinks Elon Musk lacks moral consistency when it comes to his management of Bitcoin. The founder of one of the first physical cryptocurrency exchanges has slammed what he perceives as hypocrisy on the part of Elon Musk, after the Tesla CEO announced the electric car firm would stop accepting Bitcoin (BTC) as a form of payment.The charges of hypocrisy levelled at Musk stem from the fact that around $1.5 billion worth of Bitcoin remains on Tesla’s balance sheet.Musk criticized Bitcoin energy’s consumption in a recent tweet where he announced that Tesla....


Related News

Elon Musk’s Tesla Up Over $1 Billion On Bitcoin Investment

Elon Musk’s Tesla is now over $1 billion in the green on its Bitcoin investment as the price nears $58,000 for the first time since early May.

Elon Musk’s Twitter Takeover Gives Crypto Aficionados A New Hope

Elon Musk, the CEO of Tesla and SpaceX and one of the most influential crypto proponents, recently bought Twitter for $44 billion, stirring up a lot of debates and opinions across the internet. There’s considerable speculation surrounding Musk’s intentions for Twitter. While nothing is certain, we do know that changes often impact a lot of […]

Elon Musk’s Alma Mater Launches Bitcoin Payment For Business Course

Bitcoin adoption does not seem to be slowing down as more institutions jump on board with the asset’s functionality. Growing demand from customers has seen various institutions implementing bitcoin payments. One of these institutions is Elon Musk’s alma mater, Pennsylvania State University. Penn State is one of the most prestigious universities in the United States […]

Are Elon Musk’s Dogecoin Tweets Misdirections? Or Just Bad Jokes?

Shortly before Tesla revealed its major bitcoin buy, CEO Elon Musk was pumping doge. But is that funny, or just disingenuous? The post Are Elon Musk’s Dogecoin Tweets Misdirections? Or Just Bad Jokes? appeared first on Bitcoin Magazine.

Elon Musk Capitulates On Bitcoin, Says Tesla Will Resume BTC Payments When Mi...

In Tesla CEO Elon Musk’s latest on Bitcoin, he said the company will resume bitcoin payments once the mining industry gets greener.