He said: "The immediate future of bitcoin may be quite unclear because this is the first sign of one of the biggest crypto-influencers (Elon Musk) turning his back on the currency, it’ll be interesting to see what happens next could we see Elon, dubbed ‘The Dogefather’, accept Doge as payment for Tesla?
"I would be very doubtful but in the crazy world of crypto nothing can be ruled out.
"The #Doge4Tesla has increased in popularity on Twitter, which could be the start of a crazy few days in crypto world, although Doge also wastes electricity just at a much lower level than Bitcoin (under a 100th of the amount bitcoin uses).
"There are great other alternatives like, Cardano, Iota and Nano."
If you have ever considered buying into cryptocurrencies, you must first consider the risks involved.
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