The highest volume of cryptocurrencies, Bitcoin, dropped to $ 52,000 with sales following Fed Chairman Powell's statement that he emphasized that he sees cryptocurrencies as a tool of speculation.
Bitcoin, US Federal Reserve (Fed) Chairman Jerome Powell's statement that he sees cryptocurrencies as "speculation tools rather than a means of payment" has decreased to $ 52,000 with sales, and the market volume to less than $ 1.0 trillion.
Elon Musk, CEO of Tesla, the electric vehicle manufacturer, announced that customers who buy vehicles from their companies can make payments with Bitcoin. In a statement made on his Twitter account, Musk said, "You can now buy your Tesla vehicle with Bitcoin," and added:
“Tesla only uses internal and open source software and runs Bitcoin circuits directly. Bitcoin paid to Tesla will be stored as Bitcoin instead of being converted into the common currency, ”he added.