Elon moons Eth?

Author: adetorrent



Elon Musk and Tesla have suspended accepting Bitcoin for Tesla purchases due to environmental concerns. No doubt the environmentalist Tesla fans have got to Elon and the organisation. I suppose they didn't fully research that aspect before associating the Tesla brand with Bitcoin.

As a result, we saw a sell off of $btc, causing a cascading dump of other tokens. I think we've already seen the bottom of that and some of the coins have recovered. The likes of $aave and $snx, which were set to make epic rallies yesterday and today anyway, continued to rally anyway.

I think this is actually bullish news for $ethereum because it is moving to a POS (Proof of Stake) paradigm. Existing POS platforms that are much more environmentally friendly than Bitcoin are Hive and EOS.

Peace & Love