Rumors of cryptocurrency’s death are still greatly exaggerated

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Philippine Star

Thomas L. Knapp (The Philippine Star) – May 26, 2021 – 12:00am Elon Musk is a man of many skills. He didn’t just make electric cars sexy, he sent one to space. Perhaps chief among his talents is the ability to roil markets by running his mouth. Lately, he’s aimed that talent at cryptocurrency. In February, one of Musk’s companies, Tesla, announced that it had purchased $1.5 billion worth of Bitcoin; in March, that it would accept Bitcoin for purchases of its cars. Then, in Mid-May, Musk announced that Tesla was suspending vehicle purchases in Bitcoin over “increasing use of fossil fuels for Bi…

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