Elon Musk, Bitcoin, Crypto | Blockchain News

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Elon Musk Opinion on Bitcoin | DataDash

Welcome to this cryptocurrency episode of DataDash. In this episode Nicholas Merten talks about Elon Musk's remarks that the design of Bitcoin is 'Brilliant' and could provide a better means of value transfer then traditional fiat money.

Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

Elon Musk positive remark with Bitcoin:

  • CryptoCurrency bypasses currency controls, paper money is going away. Crypto is a far better way to transfer value then a piece of paper.

Elon Musk negative remark with Bitcoin:

  • CryptoCurrencies like Bitcoin use a lot of computational energy to run, verify, and maintain the system.

Nicholas talks about how the price of mining cryptocurrencies such as Bitcoin has made it more competitive and actually can be seen to work in the favor of implementing renewable energy to more effectively mine transactions. No one wants to mins a grid price so it just makes sense to go for the cheapest alternative to be able to create the computing power required to confirm transactions. This in a sense is speeding up the need for renewable resource technology.

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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page contains sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.

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