He did not provide any explanation for this unexpected decision, leaving the crypto community on X puzzled. Heated discussions have been rising about what made Elon Musk order the removal of the hashmoji of the world’s flagship cryptocurrency, which was added by the Twitter cofounder and its former CEO Bitcoiner Jack Dorsey.
Several Bitcoin influencers have commented on that removal, including JAN3 boss Samson Mow, an early Bitcoin adopter, BTC millionaire Jeremy Davinci and trader @TheMoonCarl.
It seems, however, that it is not only Bitcoin but hashmojis for all other cryptos have been removed from X.
In February 2021, the company announced purchasing $1.5 billion in Bitcoin. After that, Musk announced that Tesla started to accept Bitcoin payments for the electric automobiles it produces. This pushed the world’s largest crypto to a historic price peak above the $60,000 level in April.
However, in the same month, Musk suddenly announced that Tesla stopped accepting Bitcoin over environmental concerns about proof-of-work-based BTC mining.
Tesla continued holding Bitcoin on its balance sheet, though, but then it began to gradually sell its BTC stash. The aforementioned $184 million worth of Bitcoin is all that is left of it by now.
While one may think that Elon Musk could perhaps be clearing space and removing the hashmojis of Bitcoin and other cryptocurrencies, he has made it clear several times that none of his companies, including X, are going to launch their own cryptocurrency.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
