The current volatile cryptocurrency scenario strikes an extreme similarity with the events from 2017.
The declaration comes somewhat more than a quarter of a year after Tesla initially reported it would start tolerating bitcoin as installment. So, after exciting it over so many months, why did the Tesla CEO take a U-turn?
The Cryptocurrencies are for the 2020s what the Internet was for the 2000s. With Bitcoin reaching an all-time high and companies finally accepting Bitcoins and Altcoins as payments, people are rushing in to invest in the earlier dreaded crypto assets.