While the cryptocurrency market is fluctuating with the remarks of Elon Musk Tesla’s founder’Stop Bitcoin Payment’, investors are drawing attention to the’Alternative Cryptocurrency of Bitcoin’ he mentioned.
On the 13th, Elon Musk stopped buying Tesla cars using bitcoin, saying, “The fossil fuel used for mining and transmitting bitcoin is increasing at a rapid pace,” through his Twitter. It’s been only three months since Tesla recognized Bitcoin as a payment method in February.
Elon Musk added, “We are looking for another cryptocurrency that uses less than 1% of Bitcoin’s energy.” However, it did not mention what the alternative cryptocurrency was.
In Musk’s words, Bitcoin’s market price plummeted. Based on the domestic cryptocurrency exchange Upbit, bitcoin, which was traded at 67 million won the previous day, dropped to 60.2 million won around 8:30 am.
While the cryptocurrency community is accusing Elon Musk of primary color, some investors are looking for the’energy cryptocurrency less than 1% of Bitcoin’, which he mentioned.
A user’s post, “Hyungs, Elon Musk 1% Bitcoin Energy, what’s the correct answer?”, there are various speculations such as’Doji Coin’,’Ethereum’,’EOS’, and’Ripple’.
Some cryptocurrency investors refer to an online survey that Elon Musk posted on Twitter on the 11th, “Do you want Tesla to pay for Dogecoin?”, claiming that Dogecoin will be an alternative cryptocurrency to Bitcoin.
However, experts expressed concern about cryptocurrency investors who are wielded by Musk’s’one word’.
Professor Seong Tae-yoon of the Yonsei University Department of Economics said, “The cryptocurrency stocks fluctuating according to Musk’s remarks show themselves how much they are assets.” I have to do it,” he said.
He added, “Musk mentioned’alternative cryptocurrency’ to create an issue by itself,” he added. “Investors should be aware that the asset is also a very dangerous stock.”
A cryptocurrency industry official also said, “Some have voiced that other cryptocurrencies will be applied to Tesla instead of Bitcoin.” He warned.
