It is Musk who is considered to have caused the fall of bitcoin. It happened in the second half of May, when an American visionary wrote a single message on Twitter. People feared that his carmaker Tesla began getting rid of bitcoins after she stopped accepting payments in this cryptocurrency.
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In order not to offend Musk – before the end of May, China decided to limit cryptocurrency transactions, which accelerated the decline of bitcoin and other cryptocurrencies, Reuters reported. Newly, financial institutions and payment companies are not allowed to provide any cryptocurrency services in the world’s most populous country. At the same time, China is the country where cryptocurrencies are most often mined.
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Now, however, Musk had heard at a conference called B Word that Tesla could accept bitcoins again. “It is very likely that Tesla will resume receiving bitcoins,” Musk said stoically. However, he did not want to reveal any further details, so it is not clear, for example, when this could happen.
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He had previously been told that he had one condition. “If miners use at least 50% clean energy, Tesla will re-enable bitcoin transactions,” Musk said. So it is possible that now is the time, it may also be related to the reduction of mining in China.
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Musk has various cryptocurrencies
He also stressed that he himself holds funds in several cryptocurrencies – bitcoin, etherium and dogecoin.
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Bitcoin traded for $ 29,504 on Tuesday night Wednesday, equivalent to $ 639,440. 24 hours later, the rate was $ 32,815 (CZK 710,770). Following the example of bitcoin, other cryptocurrencies also strengthened.
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Elon Musk
Foto: Mike Blake, Reuters
Bitcoins and other virtual currencies
There are many virtual currencies. One of the oldest and currently the most popular are the so-called bitcoins. They were created in 2009, but have enjoyed greater popularity in recent years. This currency was designed so that it could not be influenced by any government or central bank.
Cyber coins are “minting” a network of computers with specialized software programmed to release new coins at a steady but declining pace. The number of coins in circulation is expected to reach 21 million in the end, which is to be around 2140.
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