Bitcoin slips below $50K after Elon Musk says Tesla won't take it as payment

The price of bitcoin fell below $50,000 Thursday morning after Tesla CEO Elon Musk tweeted a day earlier that the electric car maker would stop accepting the digital currency as payment for its vehicles. Musk cited environmental concerns for the change in policy. He also said that Tesla won't be selling any of the Bitcoin it owns.

via Economictimes

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