https://wccftech.com/elon-musk-vs-bitcoin-an-altruistic-crusade-or-a-show-of-power/ > Tesla Inc and Space Exploration Technologies Corp. (SpaceX) chief executive officer Mr. Elon Musk's recent comments against the cryptocurrency bitcoin seemed to have caused its price to drop once again. Musk's announcement that Tesla would suspend its policy of accepting Bitcoin for vehicle purchases combined with the Chinese government's stringent measures against the currency caused Bitcoin to drop to record lows last month. > Musk then resumed his comments against Bitcoin earlier this week when he joked and hinted in a tweet that his support for Bitcoin had come to an end. Following the tweet, Bitcoin's price dropped by another $1,000 and continued in a downward spiral that wiped off all gains made by the cryptocurrency since the end of January this year.