If Musk continues to provide strong support for cryptocurrencies that are less damaging to the environment, this may influence investors who are interested in green cryptocurrencies
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FXStreet suggests that Elon Musk’s recent narration on sustainability may affect a more "green" crypto. We asked Serhii Zhdanov, EXMO CEO, whether he would agree or disagree with such suggestions.
Serhii Zhdanov (EXMO): Recently, Elon admitted that his interest has switched from cryptocurrencies to Artificial Intelligence (AI). The crypto community has already taken such statements with a pinch of salt.
On Investor Day, Musk said nothing about cryptocurrencies. He outlined the overall goals of the company and how to achieve them. Claims about a “green” cryptocurrency are a bit far-fetched at the moment. We need to wait for specifics on this from the businessman himself. In the short term, the “green” cryptocurrency is able to create a local pump on such rumours.
Elon Musk has huge support among crypto enthusiasts
Elon Musk has huge support among crypto enthusiasts. His tweets and other statements can create increased volatility in the market. Therefore, his words about cryptocurrencies should be taken seriously, especially by short-term traders. If Musk continues to provide strong support for cryptocurrencies that are less damaging to the environment, this may influence investors who are interested in green cryptocurrencies.
The environment is one of the main problems of the 21st century, and the situation has deteriorated greatly after the industrial revolution. Therefore, any initiative to improve the quality of our environment should be perceived positively by all people on the planet.
