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Flat White

Elon Musk giveth, and Elon Musk taketh away

4 November 2022

6:00 AM

4 November 2022

6:00 AM

Back in the lockdown days, around the time I started fiddling around with cryptocurrency, Elon Musk was hailed as a hero among blockchain enthusiasts when he announced that Tesla had bought $1.5 billion in Bitcoin, and would allow customers to use it for payment. Three months later, Musk backflipped and suspended Bitcoin payments over (demonstrably false) ‘environmental concerns’.

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