{"id":24536,"date":"2025-04-30T14:25:05","date_gmt":"2025-04-30T14:25:05","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24536"},"modified":"2025-04-30T14:25:05","modified_gmt":"2025-04-30T14:25:05","slug":"elon-musks-big-problem-with-bitcoin-and-which-crypto-he-prefers","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24536","title":{"rendered":"Elon Musk\u2019s Big Problem with Bitcoin And Which Crypto He Prefers"},"content":{"rendered":"<div>\n<p>The Elon Musk relationship<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\"> with Bitcoin<\/a> took a turn in May 2021 when he declared that Tesla would no longer accept the cryptocurrency <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"noopener\">for vehicle purchases<\/a> due to environmental concerns.<\/p>\n<p>His announcement came just months after Tesla had begun accepting Bitcoin, highlighting the volatility of the company\u2019s stance. \u200bNot much has changed since.<\/p>\n<p>Musk\u2019s decision underscored the growing scrutiny of <\/p>\n<style>\n    .cwp-coin-chart svg path {\n        stroke-width: 0.65 !important;\n    }<\/p>\n<\/style>\n<p>    <span class=\"cwp-coin-widget-container\" data-id=\"btc-bitcoin\" id=\"coin_widget_id_68123035ca992\"><\/p>\n<p>        <!-- name of the coin in the text --><br \/>\n        <span class=\"cwp-coin-widget-wrapper\" data-id=\"btc-bitcoin\"><br \/>\n            <span class=\"cwp-coin-widget-holder \" style=\"background:#efefef;\"><br \/>\n                <span class=\"cwp-coin-name\" data-id=\"btc-bitcoin\"><br \/>\n                    <span class=\"cwp-coin-icon \"><\/span><br \/>\n                    <span class=\"cwp-coin-label \"><\/span><br \/>\n                    <span class=\"cwp-coin-symbol hidden\"><\/span><\/p>\n<p>                    <span class=\"cwp-coin-trend-holder\"><br \/>\n                        <span class=\"cwp-coin-price hidden\"><\/span><br \/>\n                    <\/span><br \/>\n                    <span class=\"cwp-coin-trend-holder\"><br \/>\n                        <span class=\"cwp-coin-trend \"><\/span><br \/>\n                    <\/span><\/p>\n<p>                <\/span><br \/>\n            <\/span><br \/>\n        <\/span><\/p>\n<p>        <!-- popup with basic info about the coin --><br \/>\n        <span class=\"cwp-coin-popup-wrapper \" data-id=\"btc-bitcoin\" style=\"\"><br \/>\n            <span class=\"cwp-coin-popup-holder\"><br \/>\n                <span class=\"cwp-coin-name\"><br \/>\n                    <span class=\"cwp-coin-icon\"><\/span><br \/>\n                    <span class=\"cwp-coin-popup-name\"><\/span><br \/>\n                    <span class=\"cwp-coin-popup-symbol\"><\/span><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-price\"><br \/>\n                    <span class=\"cwp-coin-price-title\">Price<\/span><br \/>\n                    <span class=\"cwp-coin-price-holder\"><br \/>\n                        <span class=\"cwp-coin-price-value\"><\/span><br \/>\n                        <span class=\"cwp-coin-trend-holder\"><br \/>\n                            <span class=\"cwp-coin-trend\"><\/span><br \/>\n                        <\/span><br \/>\n                    <\/span><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-volume\"><br \/>\n                    <span class=\"cwp-coin-price-holder\"><br \/>\n                        <span class=\"cwp-coin-volume-title\">Volume in 24h<\/span><\/p>\n<p>                    <\/span><br \/>\n                    <span class=\"cwp-coin-volume-value\"><\/span><br \/>\n                    <!-- <span class=\"cwp-coin-trend-holder\">\n                        <span class=\"cwp-coin-trend\">?<\/span> \n                    <\/span>                     --><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-chart\"><br \/>\n                    <span class=\"cwp-graph-title\">Price 7d<\/span><br \/>\n                    <span class=\"cwp-graph-container\"><\/span><br \/>\n                <\/span><\/p>\n<p>            <\/span>           <\/p>\n<p>        <\/span><br \/>\n    <\/span><\/p>\n<p> energy consumption, particularly its reliance on fossil fuels. Despite the suspension, Tesla retained its Bitcoin holdings, but will Tesla look into adopting other cryptocurrencies?<\/p>\n<p>Here\u2019s which ones are likely to be it.<\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_68123035ca9cd\" data-coin-id=\"btc-bitcoin\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n                <img id=\"crypto_chart_68123035ca9cd-chart__info-icon-img\">\n            <\/div>\n<div class=\"chart__info-name\" id=\"crypto_chart_68123035ca9cd-chart__info-name\">&#8211;<\/div>\n<div class=\"chart__info-label\">Price<\/div>\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_68123035ca9cd-chart__info-symbol\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_68123035ca9cd-chart__info-price\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_68123035ca9cd-chart__info-marketcap\">&#8211;<\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--24h\" id=\"crypto_chart_68123035ca9cd-btn-24h\">24h<\/button><br \/>\n                <button class=\"chart__button chart__button--7d\" id=\"crypto_chart_68123035ca9cd-btn-7d\">7d<\/button><br \/>\n                <button class=\"chart__button chart__button--30d\" id=\"crypto_chart_68123035ca9cd-btn-30d\">30d<\/button><br \/>\n                <button class=\"chart__button chart__button--1y\" id=\"crypto_chart_68123035ca9cd-btn-1y\">1y<\/button><br \/>\n                <button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_68123035ca9cd-btn-all-time\">All Time<\/button>\n            <\/div>\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--logarithmic\" id=\"crypto_chart_68123035ca9cd-btn-log\">Log<\/button>\n            <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n        <canvas class=\"chart__canvas\" id=\"crypto_chart_68123035ca9cd-cryptoChart\"><\/canvas>\n    <\/div>\n<\/div>\n<p><strong>DISCOVER:<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"noopener\">\u00a09+ Best High-Risk, High-Reward Crypto to Buy in 2025<\/a><\/strong><\/p>\n<h2><b>Elon Musk On Cardano, The Academic Blockchain<\/b><\/h2>\n<p>In 2021, when Musk called out Bitcoin, Cardano surged past its previous all-time high of $3.00, marking a significant milestone for the cryptocurrency. Now trading around $0.68, Cardano was once considered a slow-moving project, but its academic-first approach and focus on underdeveloped regions<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/africa-crypto-news-in-review-ghana-to-regulate-crypto-binance-to-adopt-stricter-measures-in-south-africa-nigeria-intensify-crackdowns\/\" target=\"_blank\" rel=\"noopener\"> like Africa<\/a> are now paying dividends.\u200b<\/p>\n<p>Elon Musk, leading the Department of Government Efficiency, has shown interest in leveraging blockchain technology to enhance transparency and efficiency. Cardano\u2019s scalability and energy efficiency make it a strong candidate for such initiatives. \u200b<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f6a8.png\" alt=\"\ud83d\udea8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\">BREAKING: Charles believes <a href=\"https:\/\/twitter.com\/elonmusk?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@elonmusk<\/a> will be talking about <a href=\"https:\/\/twitter.com\/hashtag\/Cardano?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Cardano<\/a> in the future <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f680.png\" alt=\"\ud83d\ude80\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <a href=\"https:\/\/twitter.com\/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$ADA<\/a> <a href=\"https:\/\/t.co\/0tDF2z2JvL\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/0tDF2z2JvL<\/a><\/p>\n<p>\u2014 Leader Alpha (@LeaderAlphaNews) <a href=\"https:\/\/twitter.com\/LeaderAlphaNews\/status\/1892352631059759505?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 19, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Charles Hoskinson, Cardano\u2019s founder, has expressed optimism about this potential collaboration, stating that Cardano would be ready to support government operations if called upon.<\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"noopener\">Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x<\/a><\/strong><\/p>\n<h2><b>The Most Successful Blockchain: Ethereum<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Ethereum\u2019s first-mover advantage over smart contracts allowed it to develop the<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"noopener\"> most successful blockchain<\/a> on the planet. While Bitcoin does one thing really well, albeit better than any other cryptocurrency, Ethereum tries to do 12 amazing things that Bitcoin can never dream of like DeFi, DAOS, and Proof of Stake.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Further, ETH founder Vitalik Buterin <\/span><a class=\"general-link\" href=\"https:\/\/spectrum.ieee.org\/computing\/networks\/ethereum-plans-to-cut-its-absurd-energy-consumption-by-99-percent\" target=\"_blank\" rel=\"nofollow noopener nofollow\"><span style=\"font-weight: 400\">voiced<\/span><\/a><span style=\"font-weight: 400\"> his distaste for Bitcoin\u2019s wasteful mining operations: \u201cBitcoin mining is a huge waste of resources, even if you don\u2019t believe that pollution and carbon dioxide are an issue,\u201d<\/span><span style=\"font-weight: 400\">\u00a0Buterin told <\/span><i><span style=\"font-weight: 400\">IEEE Spectrum<\/span><\/i><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-232878\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/67ebedef1b8235f80ee7f879_etherum-market-cap.avif\" alt=\"\" width=\"780\" height=\"355\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/67ebedef1b8235f80ee7f879_etherum-market-cap.avif 780w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/67ebedef1b8235f80ee7f879_etherum-market-cap-300x137.jpg 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/67ebedef1b8235f80ee7f879_etherum-market-cap-768x350.jpg 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/67ebedef1b8235f80ee7f879_etherum-market-cap-50x23.jpg 50w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/67ebedef1b8235f80ee7f879_etherum-market-cap-308x140.jpg 308w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/67ebedef1b8235f80ee7f879_etherum-market-cap-350x159.jpg 350w\" sizes=\"(max-width: 780px) 100vw, 780px\"><\/p>\n<p>(<strong><a href=\"https:\/\/www.xbto.com\/resources\/ethereum-at-a-crossroads-institutional-adoption-vs-market-underperformance\" target=\"_blank\" rel=\"nofollow\">source<\/a><\/strong>)<\/p>\n<p>As of now, Musk has not made any public statements regarding Ethereum in 2024 or 2025. While he has previously mentioned owning Ethereum alongside Bitcoin and Dogecoin, there have been no recent comments or endorsements from him about Ethereum.<\/p>\n<h2><b>Elon Musk: Bitcoin is Still a Strong Contender<\/b><\/h2>\n<p><span style=\"font-weight: 400\">In an<\/span><span style=\"font-weight: 400\"> interview<\/span><span style=\"font-weight: 400\"> with <\/span><i><span style=\"font-weight: 400\">CNBC,<\/span><\/i><span style=\"font-weight: 400\"> Morgan Creek Digital Founder Anthony \u201cPomp\u201d Pompliano made an excellent point: Pay attention to what people do, not what they say.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Elon Musk is long billions of dollars in Bitcoin. He isn\u2019t selling, despite taking massive Bitcoin profits in 2021.<\/span><\/p>\n<p>Pomp also tweeted that 75% of Bitcoin mining is done using <a class=\"general-link\" href=\"https:\/\/www.jbs.cam.ac.uk\/faculty-research\/centres\/alternative-finance\/publications\/3rd-global-cryptoasset-benchmarking-study\/\" target=\"_blank\" rel=\"noopener nofollow\">renewable energy<\/a>.\u00a0 <span style=\"font-weight: 400\">Certainly, Bitcoin has made strides in becoming greener, but as the price of Bitcoin rises so does its energy expenditure. <\/span><\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"noopener\">Best Meme Coin ICOs to Invest in\u00a0 Today<\/a><\/strong><\/p>\n<p><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow nofollow nofollow nofollow nofollow\"><b>Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/b><\/a><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span style=\"font-weight: 400\">Elon Musk has not changed his stance on Bitcoin.\u00a0<\/span>Since 2021, the Tesla CEO has maintained that the company would suspend car purchases using Bitcoin.     <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Charles Hoskinson, Cardano\u2019s founder, has expressed optimism about this potential collaboration.    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        For now, the debate about cryptocurrency\u2019s place in America\u2019s financial future is just beginning.    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/elon-musks-big-problem-with-bitcoin-and-which-crypto-he-prefers\/\">Elon Musk\u2019s Big Problem with Bitcoin And Which Crypto He Prefers<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Elon Musk relationship with Bitcoin took a turn in May 2021 when he declared that Tesla would no longer accept the cryptocurrency for vehicle purchases due to environmental concerns. His announcement came just months after Tesla had begun accepting Bitcoin, highlighting the volatility of the company\u2019s stance. \u200bNot much has changed since. Musk\u2019s decision [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24536","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24536"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24536\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}