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Why did Elon slam the brakes on bitcoin?

Originally published at: Why did Elon slam the brakes on bitcoin? - Daily Fintech

In a single tweet, Elon Musk made bitcoin go into a free fall. The announcement caused the price of bitcoin drop by more than 10% and the cryptocurrency market to lose $365 billion. Apparently, bitcoin is not green enough. According to Elon, mining Bitcoin uses up too much electricity and that’s bad for our planet.…