Is Elon Musk actually good or bad for Bitcoin BTC Dogecoin DOGE and just cryptocurrency in general? Crypto investors rejoiced when Elon Musk began tweeting about Bitcoin, but some feelings have changed… Subscribe to VoskCoin - http://voskco.in/Sub
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Elon Musk has really taken the world by storm, pioneering electric vehicles and pushing solar power to the forefront of society’s focus but is he actually good for society and most importantly is helping or hurting Bitcoin, Dogecoin, and cryptocurrency?! Elon Musk obviously pushed for and signed off on Tesla not only purchasing Bitcoin but also accepting BTC for Tesla purchases and yet it seemed like some sort of hidden feature that Proof Of Work PoW the blockchain consensus mechanism that makes Bitcoin mining using electricity and power thus decentralizing the actual Bitcoin network – after news and media crying out that Bitcoin mining is destroying the world and consuming more energy than many countries… Tesla dropped Bitcoin support, and Elon Musk continues to try to pump DOGE to one dollar even despite his own concerns with the concentration of Dogecoin in some wallets. The trojan horse when it comes to Elon Musk and what may cause Elon Musk to sell his Dogecoin instead of continuing to pump DOGE on Twitter is when Elon Musk finds out that Dogecoin is mined, yes there are DOGE mining rigs.
Timestamps
00:00 Is Elon Musk ruining the crypto space?
03:25 Elon Musk’s history with bitcoin & crypto
05:21 Musk supporting Dogecoin is hypocritical
06:36 Elon Musk’s influence over the crypto markets & prices
07:04 The problem with bitcoin’s energy consumption
08:06 Elon Musk’s motives within the crypto space
10:42 Dogecoin analysis & potential future
12:17 Will Tesla accept Dogecoin?
12:59 Earn passive income on your crypto with BlockFi
13:43 Mainstream media & the bitcoin energy narrative
16:01 Elon Musk’s negligence will harm the crypto space
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