• European central banks are uniting to challenge Bitcoin, using regulatory and environmental narratives to sway public opinion.
• Despite regulatory pressures, Bitcoin’s resilience is evident, with support from major firms and research highlighting its potential.
• Elon Musk’s halt on Bitcoin transactions for Tesla in 2021 marked a turning point, amid intensifying debate on crypto’s environmental impact.

In 2021, a significant turning point for Bitcoin and the broader cryptocurrency market unfolded when Elon Musk announced that Tesla would halt Bitcoin transactions amid increasing media scrutiny of Bitcoin’s carbon footprint. As per Daniel Batten, Co-founder of CH4 Capital, this decision was underscored by environmental concerns. It was pinpointed by crypto analyst @woonomic as a pivotal event in stalling Bitcoin’s bull run, compared to the regulatory crackdown in China at the time.

The post Environmental Concerns or Market Manipulation? The Tesla-Bitcoin Saga appeared first on Coin Edition.

• European central banks are uniting to challenge Bitcoin, using regulatory and environmental narratives to sway public opinion.
• Despite regulatory pressures, Bitcoin’s resilience is evident, with support from major firms and research highlighting its potential.
• Elon Musk’s halt on Bitcoin transactions for Tesla in 2021 marked a turning point, amid intensifying debate on crypto’s environmental impact.

In 2021, a significant turning point for Bitcoin and the broader cryptocurrency market unfolded when Elon Musk announced that Tesla would halt Bitcoin transactions amid increasing media scrutiny of Bitcoin’s carbon footprint. As per Daniel Batten, Co-founder of CH4 Capital, this decision was underscored by environmental concerns. It was pinpointed by crypto analyst @woonomic as a pivotal event in stalling Bitcoin’s bull run, compared to the regulatory crackdown in China at the time.

The post Environmental Concerns or Market Manipulation? The Tesla-Bitcoin Saga appeared first on Coin Edition.