In brief
We do the research, you get the alpha!
Tesla & Bitcoin pic.twitter.com/YSswJmVZhP
— Elon Musk (@elonmusk) May 12, 2021
$66,350.00
0.10%$3,259.54
2.36%$7.43
-0.02%$613.94
0.62%$157.59
1.49%$0.999432
-0.04%$3,259.77
2.45%$0.544666
-0.29%$0.161125
1.39%$5.79
2.09%$0.495866
-4.12%$0.00002708
0.96%$39.05
1.57%$66,428.00
0.27%$504.50
-1.22%$0.113441
1.07%$15.45
0.22%$7.10
-0.99%$0.754214
3.08%$14.64
-1.29%$87.07
2.85%$8.10
0.76%$5.71
-0.65%$0.134076
52.03%$1.001
-0.39%$9.80
-1.85%$2.87
-4.97%$27.94
-0.32%$1.15
-4.43%$9.23
0.80%$6.47
-0.86%$0.131515
0.50%$2.39
0.15%$0.119157
2.09%$8.83
0.22%$3.38
18.84%$55.74
1.09%$0.00000785
14.42%$496.42
-2.00%$3,169.81
-1.10%$1.19
-0.17%$0.04226193
0.20%$3.06
0.32%$0.128635
1.17%$0.293646
-1.30%$2,999.09
6.04%$2.58
2.76%$2.52
3.58%$28.98
3.01%$3,378.44
2.38%$2.50
5.21%$0.999224
-0.12%$2.53
-3.44%$33.94
-3.74%$120.89
-0.74%$11.81
4.88%$0.7523
1.32%$0.00020181
15.94%$5.78
4.35%$2.15
1.04%$3,603.82
2.64%$0.224805
16.50%$0.00002722
32.86%$0.636932
-3.17%$0.050525
4.04%$1.23
-1.93%$1.32
-2.43%$112.74
4.58%$3,338.86
2.36%$1.19
2.72%$0.02930305
-3.34%$1.003
5.43%$0.02912293
-14.75%$9.92
-0.25%$96.08
1.37%$71.82
-0.20%$0.954343
-4.08%$1.033
3.72%$18.49
-8.10%$0.896273
9.74%$0.00000132
0.35%$3,256.63
2.71%$0.03229284
0.06%$44.88
0.49%$2.40
1.84%$5.10
-16.37%$8.09
5.63%$1.18
-2.03%$0.497093
2.31%$0.124603
5.95%$0.00005494
-0.69%$3.42
1.60%$13.48
2.57%$0.59435
-1.54%$5.44
-3.23%$7.89
6.99%$1.055
0.14%$0.942433
7.01%$0.26024
3.66%$3.08
0.78%$48.00
-0.09%$0.669098
-0.71%$0.02059686
-1.43%$10.31
5.10%$0.863199
2.40%$1.35
2.94%$186.56
1.90%$367.25
-6.90%$16.74
0.29%$0.492639
3.25%$0.01930783
0.16%$1.35
1.64%$0.259826
7.76%$1.96
-32.08%$0.765821
2.92%$0.757475
3.93%$3,259.57
1.80%$14.21
4.67%$1.25
-1.01%$0.117826
6.18%$0.211596
1.13%$3.04
0.67%$2.40
1.57%$185.35
1.71%$0.106927
4.12%$1.28
1.50%$19.14
4.67%$0.00000034
0.25%$0.984063
-0.07%$3,250.40
2.44%$3,440.78
2.85%$0.416436
2.36%$0.432034
1.14%$0.119261
5.16%$104.39
0.12%$1.85
-0.39%$1.008
-0.47%$0.357569
9.03%$0.00011266
0.64%$0.997718
-0.16%$3.95
-1.11%$3.91
-2.71%$36.64
-0.91%$0.01155342
12.48%$1.051
4.22%$1.51
-7.11%$0.065157
4.94%$0.00177623
-1.60%$6.29
-4.96%$3,477.42
2.51%$0.04290742
10.43%$0.00659876
25.39%$1.87
0.34%$2,314.61
0.54%$0.697555
0.62%$0.054133
-0.14%$0.470503
1.47%$0.063962
-0.18%$0.053998
0.78%$0.102491
2.38%$3,532.00
3.09%$0.419811
-0.12%$0.03160755
5.45%$0.450016
2.87%$0.264188
3.39%$0.354777
2.25%$1.001
-0.14%$5.18
6.03%$0.02754253
3.62%$0.724736
28.57%$24.25
2.37%$15.73
-0.24%$0.0353509
5.68%$1.96
-1.13%$0.00276571
4.72%$4.62
0.37%$15.25
-2.73%$0.909738
5.35%$1.15
-2.44%$0.00000048
1.95%$0.560759
0.11%$1.042
-1.58%$0.675062
0.59%$2.19
-3.54%$0.440861
-6.07%$0.00805084
2.55%$1.74
-1.27%$4.24
-2.74%$3.88
-1.34%$0.00789917
0.03%$4.09
2.27%$0.604337
3.74%$2,303.87
0.35%$0.562512
1.55%$0.423281
7.29%$0.279857
4.89%$0.414321
-1.41%$60.03
0.46%$3.38
-3.62%$0.996349
3.92%$3,346.20
2.29%$1,332.86
0.28%$0.03142044
10.01%$65.53
2.40%$69.34
3.32%$0.502413
5.32%$0.04297716
5.91%$0.83642
3.30%$0.03223397
-0.61%$0.425575
-13.75%$23.96
2.31%$4.82
-2.72%$31.91
1.58%$0.751233
0.53%$5.66
-2.04%$4.02
-2.93%$0.03763453
-0.11%$24.19
0.74%$46.19
16.66%$3.71
3.46%$0.00692396
4.93%$0.280748
2.21%$0.804033
-2.99%$48.35
9.41%$0.982742
-1.12%$0.121845
-4.32%$8.27
0.13%$3.89
-9.15%$30.81
0.08%$1.33
2.01%$1.002
7.48%$0.03427914
0.49%$2.65
2.96%$0.35303
4.10%$28.11
1.16%$0.00390618
2.36%$44.45
1.86%$0.00000073
24.51%$0.28318
0.16%$0.414782
5.15%$6.04
20.58%$8.02
4.62%$0.02262205
2.05%$31.01
-6.00%$1.10
1.77%$0.334986
1.39%$28.68
-3.03%$0.752436
-0.68%Investors are worried about the environmental impact of Bitcoin—and it’s partly down to Twitter loudmouth and tech billionaire Elon Musk.
That’s according to a new report from financial news website Investing.com. The site surveyed 1,103 investors in early June, and about a third said they only learned about the effects of Bitcoin mining on the environment after the Tesla and SpaceX CEO trashed the coin’s carbon footprint on Twitter.
Tesla & Bitcoin pic.twitter.com/YSswJmVZhP
— Elon Musk (@elonmusk) May 12, 2021
Musk had initially helped the coin reach new highs. Bitcoin rose 8.5% to $44,790 after Tesla disclosed that it had bought $1.5 billion of Bitcoin in February, and continued to soar until April, when it hit its all-time high of $62,000.
Then Musk said his car company would stop accepting Bitcoin, citing environmental concerns. Powerful computers, often powered by coal, use entire countries-worth of electricity to crunch complex sums necessary to process Bitcoin transactions.
Musk’s comments, which preceded a much stronger crackdown on Bitcoin from China, contributed to a huge sell-off, and the price of Bitcoin swiftly cut in half.
Of the Bitcoin investors that Investing.com spoke to, 30% said they sold Bitcoin last month when the market was in free fall. A fifth said they sold because of Musk’s criticism of the gas-guzzling Bitcoin mining industry.
Bitcoin has struggled to hit its all-time highs ever since. Of course, China has dominated the news ever since it cracked down on crypto trading and Bitcoin mining.
But 58% agreed that Elon Musk, the CEO of electric car company Tesla, “has too much power.” Of those surveyed, 52% said they want their governments to stop people like Musk from manipulating the markets.