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Tesla's announcement was about the environmental impact of bitcoin. Proof of work coins are down precipitously whereas the main proof of stake coin (Cardano) is
by acchow 5y ago
Tesla's announcement was about the environmental impact of bitcoin. Proof of work coins are down precipitously whereas the main proof of stake coin (Cardano) is up significantly. The timing with the announcement is more than just "macroeconomic effects".
- kvz 5y agoI wouldn’t be surprised if they bought Cardano’s ADA ahead of this. It’s the biggest crypto that already implemented proof of stake, so the most likely place anyone seeking refuge may move value to, increasing its price dramatically. This could make it a dump & pump, if that makes sense. Dump BTC with a claim that pumps ADA.