Elon Musk Signals Potential Future for Cryptocurrencies in Payment Services

Coin-Turk 10 months ago 160

Bitcoin (BTC ($86,460.00)) $96,781 price has dropped over $5,000, currently hitting a daily low of $96,577. The decline has been particularly severe for altcoins. Following negative U.S. data impacting risk markets, the stock market saw a sharp downturn today. Meanwhile, Elon Musk made comments regarding cryptocurrencies.

The whimsical billionaire was more favorably inclined towards cryptocurrencies in 2021. However, the narrative around the environmental impact of mining changed mid-2021. Over time, Musk expressed disinterest in cryptocurrencies, which led to the withdrawal of certain features, including the addition of an NFT ($0.00) to his profile picture.

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