• Elon Musk trolls SEC again
    Alt coins,  Bitcoin,  People,  Regulation

    Elon Musk trolls SEC… again

    A week after saying he thinks it ‘would be great’ if he were investigated for his Dogecoin tweets, Tesla’s chairman posted a meme taking credit for shoring up DOGE’s price

    Elon Musk seems serious about angering the SEC with his memes. Despite the rumors about the regulators investigating his Dogecoin-promoting tweets, he posted another relevant meme on March 1, claiming that his memes have protected DOGE’s price.

  • bitcoin hurts Tesla environmental credentials
    Bitcoin,  Politics,  Regulation

    Is Bitcoin endangering the ‘green’ credentials of companies like Tesla?

    Climate-conscious governments and activists are waking up to the fact that BTC is a power-hungry cryptocurrency, which could come back to bite the institutions whose investments are powering its price boom

    BCA Research’s chief global strategist, Peter Berezin, predicted that Bitcoin’s Achilles heel will begin to scare off corporate investors off and cause governments to erect more obstacles to it success. The first to flee will be environmental, social, and governance-focused funds he said, adding that they will shun companies involved with Bitcoin, not just the cryptocurrency itself.

  • Bitcoin less dumb than cash
    Bitcoin,  People

    Elon Musk: Tesla holding Bitcoin is ‘less dumb’ than holding cash

    The tech mogul comes off as decidedly unenthusiastic about Bitcoin, which he also called ‘almost as bs as fiat money.’

    Musk was defending the recent $1.5 billion Bitcoin investment of his electric car manufacturing firm Tesla, which he said “is adventurous enough for an S&P500 company.” Furthermore, he added that “Tesla’s action is not directly reflective” of his opinion.

  • bitcoin trillion JPMorgan economic sideshow
    Bitcoin

    As Bitcoin breaks into trillion-dollar club, JPMorgan calls it an ‘economic sideshow’

    The bank’s analysts believe that Bitcoin is becoming a more cyclical asset, turning the cryptocurrency into the ‘poorest hedge’ against a stock market downturn

    Despite that, JPMorgan’s “Digital transformation and the rise of fintech: Blockchain, Bitcoin and digital finance 2021” concluded that “Bitcoin is here to stay as an 'alternative' currency.” According to the Feb. 18 report, current Bitcoin prices greatly exceed JPMorgan’s estimates of its fair value, based on mining costs and its risks compared with gold.