Elon Musk tweeted today that Tesla will not accept Bitcoin anymore. The entire digital coin market fall sharply on the news. Bitcoin is now close to $50,000 which is closer to where it was before the recent run up in prices. Gold has also eased slightly to a bit over $1800 per troy ounce.
Digital coins use a staggering amount of energy which is something many do not realise. None of the digital coins is energy efficient, they are actually one of the most inefficient ventures ever.