Elon Musk criticised for his practices with Cryptocurrency
After the announcement that Tesla will not be trading with Cryptocurrencies and Elon Musk’s full support to governments who are regulating the crypto ‘mining’ and cutting back on it due to the environmental hazards that come with them, he has been attacked with criticism quite many times.
Cryptocurrencies have seen an all-time low in terms of their prices, many other organisations have followed Tesla’s lead and have pulled back on its trading.
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He has been majorly bashed for his recent ‘break up’ tweets. “Elon (Musk) is a tourist in crypto. He’s here to collect followers. I don’t think he’s here to make the world a better place, and we can go to where we’re going with Elon or without Elon,” Alex Machinsky, CEO, Celsius Network said to the press.
Anthony Pompliano, Founder, Pomp Investments said “I don’t think people are really accounting for the fundamentals, they’re all just looking at price, looking at tweets, and they’re getting caught up in the emotional sentiment.”
— Elon Musk (@elonmusk) June 4, 2021