Elon Tweets, Bitcoin Crashes 
Posted 14,May

By Chaveendra Dunuwille

In Local News

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Concerned about the rapidly increasing use of fossil fuels for Bitcoin mining and  transactions Tesla CEO Elon Musk announced via twitter that Tesla would be  suspending the purchase of its vehicles via bitcoin.  

Musk stated in his tweet that he believes in the potential that crypto currency  has for the future, however he is not willing to trade off the future of the planet  to obtain its benefits. He went on to state that if investors want to see an  improvement in the situation that they switch to more environment friendly  sources to fuel mining and transactions.  

Following the latest tweet from the Tesla CEO bitcoin dropped from its daily high  of £39 000 to £37,190