Elon Made a Statement, Bitcoin Crashed!

Elon Made a Statement, Bitcoin Crashed!

Elon Made a Statement, Bitcoin Crashed!


Tesla's CEO Elon Musk announced that he won't accept payments with Bitcoin in his statement on Twitter yesterday evening.

He stated that the reason for this is 'the rapidly increasing use of fossil fuels' and he is concerned about damaging the environment. However, he shed light on coins that may be 'greener' in the statement. After this announcement, decreases were observed in Bitcoin within minutes.


This week, Elon Musk asked his followers about Tesla's payments with Dogecoin on his Twitter account. In his survey, he asked for about 80% doge to be paid. Days after this survey, his statement on Bitcoin was surprised. After the announcement of Musk, there was a 5% decrease in BTC in the first minutes. Bitcoin, which started the day at $ 54,500 levels, dropped to $ 50,000 last night, selling 12.31%.


So What Are The More 'Sustainable' Cryptocurrencies That Elon Musk Gives His Signals?


After the famous billionaire Elon Musk announced that Tesla stopped his payments with BTC, eyes turned to altcoins. So, which sustainable coins can be on the radar of Elon Musk, who stated that he made the decision to stop payment due to environmental concerns? In the continuation of the Elon statement, "We are examining other cryptocurrencies that consume less than 1% of the energy used by Bitcoin." he used the sentence.


What are the cryptos that might be suitable for this explanation? Ripple has previously announced that it is 10,000 times more efficient and sustainable than Bitcoin. However, XRP is not the only option. According to experts, other altcoins with these features besides XRP; It can be Stellar (XLM), Cardano (ADA) and Nano.