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Bitcoin Plummets Following Musk’s Reversal

On May 13, Elon Musk’s declaration about Tesla Inc. no longer embracing Bitcoin due to environmental apprehensions caused a significant impact on the cryptocurrency. In a tweet on Wednesday, the CEO expressed the possibility of Tesla considering alternate cryptocurrencies with lower energy requirements. Eric Lam presents the details on “Bloomberg Daybreak: Europe.”

Credit: YouTube/Bloomberg Television

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