“Bitcoin Cash Is Exactly What Elon Musk Wants,” says Kim Dotcom
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“Bitcoin Cash Is Exactly What Elon Musk Wants,” says Kim Dotcom

May 18, 2021      Kavya Barua

According to Kim Dotcom, the creator of the once-popular MegaUpload file-hosting site, Bitcoin Cash (BCH) is exactly what Elon Musk wants in terms of an eco-friendly digital asset with a fast duration. 

Dotcom Assures Musk That BCH Is Exactly What He Wants

Dotcom stepped in on the crypto Twitter debates following Elon Musk’s decision to suspend Tesla from accepting Bitcoin for car payments. Kim Dotcom contacted Tesla CEO Elon Musk via the following statement:

“I admire how @elonmusk refuses to be swayed by Bitcoin maximalists’ outdated and deceptive talking points. Elon’s enthusiasm for Dogecoin is admirable, but Bitcoin Cash provides everything he seeks now, including a viable green strategy and a rapidly increasing vendor network.”

People Gather When Musk Discuss About Bitcoin

Kim Dotcom previously stated on Twitter that Elon Musk, as a great entrepreneur, has opened the discussion regarding Bitcoin not being the ideal digital asset that many assume it is. Kim Dotcom also remarked that Elon Musk’s concerns about block timings appear to be déjà vu and that this is the reason Bitcoin Cash was forked from Bitcoin in the first place.

BCH Falls To $988 On Rumor That Tesla Sold Its Bitcoin

In terms of pricing, Bitcoin Cash (BCH) is not highly resistant to the crypto market volatility as a result of Bitcoin declining as a result of Elon Musk hinting on Twitter that Tesla sold its BTC. The CEO of the electric vehicle manufacturer, on the other hand, has stated that the company has done nothing of such.

Because of uncertainty about whether Tesla sold its Bitcoin, Bitcoin Cash fell to a local low of $988 after the $1k support failed to hold earlier today. At the time of writing, Bitcoin Cash is trading at $1,115 as crypto investors wait for the markets to remain calm amid Bitcoin’s dramatic downturn to $42k.

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#Bitcoin Cash (BCH) #Cryptocurrency News #Elon Musk #Kim Dotcom #Tesla Suspend BTC Payment
Kavya Barua
Kavya Barua

Kavya Barua is in her final year of graduation from University of Delhi's, B.A (Hons) English program at Janki Devi Memorial College. She is an avid learner with a taste for advancements in crypto and Fintech. She is gaining interest in digital marketing and being a part of the organization where continuous growth and learning is assured and fulfilling the expectations of her knowledge and skills. She aspires to have a good career path with interest and ability to learn and deliver the results.