3 reasons why Bitcoin doesn't care about Elon Musk
Tempers are running hot in the latest round of Bitcoin FUD, but a longer-term perspective reveals "business as usual" for BTC. Bitcoin (BTC) dived 17% when Tesla CEO Elon Musk criticized its energy consumption — but it's already bouncing back.On May 13, fresh from its dip to $45,60, BTC/USD is trading above $51,000, having regained over half its lost ground. With the drama still spreading, Cointelegraph considers why, on a fundamental level, Bitcoin is ultimately resilient to the actions of a single user — no matter how influential he or she is.Proof-of-Work doesn't careBitcoin's....
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