The founder of the once popular hosting service MegaUpload, Kim Dotcom, has joined the crypto-Twitter discussions surrounding Tesla’s decision to stop accepting Bitcoins from Elon Musk.
Kim Dotcom – an internet entrepreneur
According to Kim Dotcom, Bitcoin Cash (BCH) should be a good candidate to offer the solutions Elon Musk seeks in finding green digital assets and faster block times.
Kim Dotcom to explain:
“I respect the way Elon Musk accepts insults from Bitcoin maximalists with their outdated and misleading arguments. Elon’s passion for Dogecoin is amazing, but Bitcoin Cash fulfills everything he’s looking for today with a viable green strategy and a rapidly growing network of providers. “
In one to explain Previously, Kim Dotcom had pointed out on Twitter that Elon Musk opened the conversation that Bitcoin is not the ideal digital asset as many people think. Kim Dotcom also said that Elon Musk’s concern about block time sounds like Deja Vu and the reason Bitcoin Cash was split off from Bitcoin in the first place.
“When one of the most successful people in the world started talking about the bad things about Bitcoin, people noticed and learned what was wrong with it.”
In terms of price, Bitcoin Cash wasn’t immune to the volatility of the crypto market due to the decline in Bitcoin when Elon Musk suggested on Twitter that Tesla was selling Bitcoin. However, Elon Musk has insisted the company didn’t.
Speculation about whether Tesla would sell its bitcoins resulted in Bitcoin Cash failing to hold the $ 1,000 support level, hitting an intraday low of $ 988 today. At the time of writing, Bitcoin Cash is recovering and trading at $ 1,108 as investors wait for the market to cool off after Bitcoin fell to $ 42,000.
Source: TradingView
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Grand Cayman, Cayman Islands, 22nd November 2024, Chainwire
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