Markets ponder Elon Musk role in crypto turbulence
The saga started in February when Musk’s company Tesla announced it would buy $1.5 billion worth of bitcoin and later said it would accept the virtual currency as payment for its electric cars.
But in mid-May, he broke hearts with tweets questioning the digital asset, particularly its vast consumption of electricity produced from polluting substances like coal.
That sent bitcoin on a downward spiral causing it to plunge to $30,000 from nearly double that 10 days earlier. It later regained some strength, climbing to about $37,000 as of Friday.
“The fact that more people aren’t outraged at #ElonMusk for purposefully crashing the cryptos is astonishing. Stop…