Some may find this a hilarious troll, but it’s way more serious.
The big question on everyone’s mind today is whether or not Bitcoin is sustainable. We see the current political pressures, and the move towards sustainability, clean energy, and environmentalism in all sectors of the economy and social life.
Given all these pressures a lot of people are now betting against Bitcoin.
The most high profile person in the sustainability camp is Elon Musk.
Russell Okung, a player in The NFL, reportedly took aim at Elon Musk with a billboard campaign he launched telling Elon Musk to “stick to space” rather than sticking his nose in crypto.
Personally, I think that this whole thing can go either way, but it is becoming harder and harder to ignore the direction that society is headed towards.
Will Bitcoin remain at the top, or will it be unseated by some more environmentally friendly alternative?
This is one of the big crypto questions of our time, and as always it remains to be seen what the future holds.
Take a look:
A cryptic tweet from @elonmusk hinting at a potential split with #Bitcoin has sent the #cryptocurrency sliding once again.$BTC dropped as much as 3.4% after Musk tweeted this emoji – 💔
More: https://t.co/P9cfrB8j6x pic.twitter.com/Xtw7heeSzu
— Bloomberg (@business) June 4, 2021
December 2020: Russell Okung makes history by converting half of his $13M salary into Bitcoin
May 2021: Elon Musk says Bitcoin is bad for the environment
— Boardroom (@boardroom) June 3, 2021
Each billboard will feature an image of Okung along with the message, “Stick to Space, Elon.” The two-week campaign will also include an online component. According to a press release, the billboards are “meant to provide a gentle reminder to the public that Musk has been around Bitcoin for only a few months and is not an authority in this domain.”
“Bitcoin is humanity’s best shot at freedom. The public narrative needed correction as Elon apparently misunderstands its true benefit to our species,” Okung told Decrypt via email. “No individual is a threat to Bitcoin in the grand scheme of things. In Elon’s words, it is inevitable. His impact on Bitcoin is temporary.”
Earlier this year, Musk was seen as a leading proponent of Bitcoin, following the lead of MicroStrategy CEO Michael Saylor in buying up large sums of the cryptocurrency to hold on his company’s balance sheet. In February, Tesla announced that it had purchased $1.5 billion worth of Bitcoin, and would also accept BTC as payment for its electric cars. Bitcoin’s price soared following the announcement.
The FUD coming down from Wall Street against Bitcoin will not last.
The essence of any peaceful revolution is a collapse in the system of beliefs the former needs to be true.
Bitcoin wipes the floor with traditional finance.
— Okung 💯 (@RussellOkung) May 24, 2021
NFL veteran and Bitcoin proponent Russell Okung launches a "Stick to Space, Elon" billboard campaign to remind the public that Elon Musk has no authority over Bitcoin. One of the billboards will feature near the SpaceX launch facility. https://t.co/MWmQw0zlE6 #development #bloc…
— BorisQT (@QtBoris) June 3, 2021
CNBC touched on Elon Musk’s latest effect on the crypto markets:
Bitcoin’s price fell Friday morning after Elon Musk posted a tweet suggesting he’s fallen out of love with the world’s top cryptocurrency.
The billionaire Tesla CEO tweeted a meme about a couple breaking up over the male partner quoting Linkin Park lyrics, adding the hashtag #Bitcoin and a broken heart emoji.
Bitcoin fell over 4.5% to a price of $36,852 at around 9:34 a.m. ET Friday, according to data from Coin Metrics. Other digital coins followed suit, with No. 2 cryptocurrency ether dipping more than 5% to $2,656.06 and dogecoin — Musk’s favored crypto — sinking almost 7% to around 36 cents.
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