Elon Musk again tweeted about DogCoin, bitcoin price also affected

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Elon Musk has again proved that he has the ability to influence the digital currency market only through his tweets. Musk had said recently that Tesla, now his electric vehicle manufacturing company, would not accept bitcoin as a payment due to environmental concerns. Now Musk has stated via tweet that he is talking to DogCoin developers about how to improve system transaction efficiency. The world’s largest cryptocurrency has touched a two-month low due to two separate statements, while DogCoin has jumped 20 percent. The Space X CEO had tweeted several times over the last few months in support of DogCoin, but had never spoken about Bitcoin.

Now in a recent tweet, Musk gave a statement to Tesla that the use of fossil fuels is increasing rapidly for mining and transactions of bitcoin (price in India). Therefore Tesla has stopped vehicle purchases through this cryptocurrency.
A day later he tweeted again, “Clearly, I believe in crypto but cannot lead to increased use of fossil fuels (especially fossil fuels), especially coal.” Due to this, the value of bitcoin started coming down but then later it became stable.

Now he has said that he is working with DogCoin (price in India) developers to improve the transaction efficiency of the system. He said that this cryptocurrency has potential.

A large number of Twitter users welcomed Musk’s statement. One user said that now people have started feeling that Dogcoin is going to live here. Another user cited Musk’s earlier assertion when he said that crypto would now be the future currency of the world.

At the same time, a Twitter user @JeffTutorials asked them to stop tampering with the crypto markets. This user also got support from many other users.

Many times Musk’s tweet has affected bitcoin and dogcoin prices. In February, several of Musk’s tweets caused a surge in DogCoin prices. At the same time, in March, when the statement came from Tesla that it would accept bitcoin as a payment, bitcoin reached its biggest jump with a price of $ 60,000 (about Rs 43 lakh).

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