Jakarta, CNBC Indonesia – The price of digital currency assets (cryptocurrency) or crypto Dogecoin fell sharply on trading Thursday (13/5/2021). The price drop was recorded at 15% to under 40 cents per coin after Tesla founder Elon Musk tweeted.
Elon Musk, who is a role model for many people in crypto investing, announced that his company will suspend the use of Bitcoin in any Tesla purchase transaction due to environmental concerns.
According to him, the use of digital or crypto currencies is very good and is believed to have a promising future. However, this is not good because it can damage the environment.
He explained, the increase in bitcoin transactions led to a rapid increase in the use of fossil fuels, especially coal, which has the worst emissions for the environment.
“The use of fossil fuels is increasing rapidly for mining and Bitcoin transactions,” he said as quoted by CNBC, Friday (14/5/2021).
With the announcement, the price of bitcoin also fell. As for Dogecoin, this has been a very grim week with sharpening losses.
Previously, the price of Dogecoin had risen to above 70 cents per coin earlier this month ahead of Elon Musk’s appearance on NBC’s “Saturday Night Live” program.
However, the price of Dogecoin fell below 50 cents per coin when the event started as Musk explained that cryptocurrency was the source of the problem.
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Photo: Infographics / Uncovered! Tesla Elon Musk Owns billions of bitcoins Infographics / Uncovered! Tesla Elon Musk Owns billions of bitcoins / Aristya rahadian- – |
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