Elon Musk blows up Wall Street’s case for bitcoin
Yakob Peterseil and Anchalee Worrachate
Elon Musk helped legitimise cryptocurrencies in the eyes of Wall Street investors. Now, his tweets are scaring them off.
About a quarter of bitcoin’s value has been wiped away in the span of a week, in part thanks to headspinning tweets from Musk on everything from bitcoin’s toll on the environment to whether Dogecoin is the better digital currency.
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Bloomberg
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