588.99 -0.90 (-0.15%)
After hours: 4:08PM EDT
|Bid||587.68 x 1100|
|Ask||587.89 x 900|
|Day's range||586.77 - 620.41|
|52-week range||106.47 - 900.40|
|Beta (5Y monthly)||2.01|
|PE ratio (TTM)||591.07|
|Earnings date||20 Jul 2021 - 26 Jul 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||636.87|
Bitcoin is still a good investment even if Tesla CEO Elon Musk voices concern about how it's mind, argues one crypto CEO.
Elon Musk says he still “strongly believes in crypto” after a series of tweets that led the markets in digital currencies to plunge. “To be clear, I strongly believe in crypto, but it can’t drive a massive increase in fossil fuel use, especially coal,” he wrote in a new post. Before that, he had indicated that he was support of the introduction of a carbon tax, which would charge extra levies on companies that burn fossil fuels.
The price of Bitcoin has dropped 12% in the past 24 hours after Tesla CEO Elon Musk said the firm would no longer accept Bitcoin purchases. Tesla's move was based on a concern about Bitcoin's carbon footprint. "We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel," he tweeted.