{"id":345801,"date":"2021-09-29T11:35:34","date_gmt":"2021-09-29T08:35:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-is-impossible-to-destroy-says-tesla-ceo-elon-musk\/"},"modified":"2021-09-29T11:35:34","modified_gmt":"2021-09-29T08:35:34","slug":"crypto-is-impossible-to-destroy-says-tesla-ceo-elon-musk","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-is-impossible-to-destroy-says-tesla-ceo-elon-musk\/","title":{"rendered":"# Crypto is impossible to destroy, says Tesla CEO Elon Musk"},"content":{"rendered":"<p>&#8220;<strong># Crypto is impossible to destroy, says Tesla CEO Elon Musk <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDkvODlhOWE1NWEtYTJiNC00MjE4LWEyNGEtZGMzMDE5ZDM2Mzg0LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>As global regulators continue to scrutinize the cryptocurrency industry, Tesla CEO Elon Musk has expressed support for crypto, calling it undestroyable.<\/p>\n<p>\u201cIt is not possible to, I think, destroy crypto, but it is possible for governments to slow down its advancement,\u201d Musk said at the Code Conference in California, CNBC <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2021\/09\/28\/tesla-ceo-elon-musk-says-us-government-should-avoid-regulating-crypto.html\">reported<\/a> Sept. 28.<\/p>\n<p>According to the Tesla CEO, the decentralized nature of cryptocurrencies may be a challenge for the Chinese government, which announced a new war on crypto last Friday.<\/p>\n<p>\u201cI suppose cryptocurrency is fundamentally aimed at reducing the power of a centralized government,\u201d Musk noted, adding: \u201cThey don\u2019t like that.\u201d He also suggested that the latest Chinese crackdown on crypto is likely to have something to do with the country\u2019s \u201csignificant electricity generation issues.\u201d<\/p>\n<p>\u201cPart of it may actually be due to electricity shortages in many parts of China. A lot of South China right now is having random power outages, because the power demand is higher than expected [&#8230;] Crypto mining might be playing a role in that,\u201d he said.<\/p>\n<p>Despite Musk not considering himself as a \u201cmassive cryptocurrency expert,\u201d the tech mogul stressed regulators should not be trying to slow down the cryptocurrency adoption. When asked whether the United States government should be involved in regulating crypto, Musk responded:<\/p>\n<blockquote><p>\u201cI would say, \u2018Do nothing.\u2019\u201d<\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Dogecoin more popular than ever&#8230; even as TXs hit lowest level since 2017<\/em><\/strong><\/p>\n<p>Musk has emerged as a significant crypto price influencer on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a>, with many experts linking his posts to massive price movements for tokens like Shiba Inu (SHIB), Dogecoin (DOGE), as well as Bitcoin (BTC). Tesla CEO of Tesla was widely criticized in the crypto community after suspending Tesla\u2019s BTC payment option over presumed environmental concerns about Bitcoin mining in May 2021.<\/p>\n<p>Musk previously caused massive optimism on the crypto market by announcing a $1.5 billion worth Bitcoin purchase in February.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-is-impossible-to-destroy-says-tesla-ceo-elon-musk\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Crypto is impossible to destroy, says Tesla CEO Elon Musk &#8221; As global regulators continue to scrutinize the cryptocurrency industry, Tesla CEO Elon Musk has expressed support for crypto, calling it undestroyable. \u201cIt is not possible to, I think, destroy crypto, but it is possible for governments to slow down its advancement,\u201d Musk said&#8230;<\/p>\n","protected":false},"author":1,"featured_media":345802,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDkvODlhOWE1NWEtYTJiNC00MjE4LWEyNGEtZGMzMDE5ZDM2Mzg0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74863,74355,4973,39394,70934,36402,67874],"class_list":["post-345801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-cryptocurrencies","tag-adoption","tag-china","tag-elon-musk","tag-regulation","tag-tesla","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/345801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=345801"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/345801\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/345802"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=345801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=345801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=345801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}