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Since the CEO of Tesla and SpaceX hosted “Saturday Night Live” last weekend, Elon Musk’s net worth has been hit by $20 billion.
And the weird billionaire Host a comedy sketch show It is controversial, and this is not the reason for his net worth plummeting.
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Forbes report Musk’s wealth shrank on Thursday, attributed the blow to cryptocurrencies such as Bitcoin and Dogecoin, while Tesla lost value.
However, his net worth is still about 145.5 billion U.S. dollars, making him the second richest man in the world.
In the last few days after Musk, Bitcoin stocks have suffered a huge impact Announced on May 12 Tesla will no longer accept it as a payment for its electric vehicles.
On Thursday alone, the stock price fell 9%.
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Dogecoin, a cryptocurrency inspired by memes, Musk It has been very supportive, and it has dropped by nearly 6%.
Tesla shares also fell 18.2% on Thursday.
When Musk announced that his company would stop accepting Bitcoin, he said it was due to environmental issues caused by cryptocurrencies.
Musk’s statement said: “Tesla has suspended the use of Bitcoin for car purchases.”
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“We are concerned about the rapid use of fossil fuels in Bitcoin mining and trading, especially coal, which has the worst emissions of all fuels.
“On all levels, cryptocurrency is a good idea. We believe it has a bright future, but this cannot be done at the cost of the environment.”
Cryptocurrencies are harmful to the environment because heavy computers are needed to mine them, and heavy computers require a lot of energy.
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