'I support crypto': Elon Musk tweet helps Bitcoin's price 安定させる at $37,600 after he slammed it and sent it 急落するing

• e-mail

Elon Musk appeared to show 新たにするd support for cryptocurrencies on Saturday, and the いわゆる Dogefather's 上げる may have helped 安定させる a precipitous 減少（する） in Bitcoin's value.?

In a Twitter thread 地位，任命するd 早期に Saturday morning, the 億万長者 tech mogul said 'any 十分に 前進するd 魔法 is indistinguishable from 科学（工学）技術'.

His legion of 信奉者s 解釈する／通訳するd it to be a 言及／関連 to cryptocurrency, whose values have been on a 法外な 拒絶する／低下する since Musk Tweeted about the enormous 環境の 衝撃 of 採掘 them.?

When someone asked what the Tesla CEO thought about people 'who are angry at you because of crypto,' Musk tweeted that the 'true 戦う／戦い is between fiat & crypto. On balance, I support the latter.'?

A fiat 通貨 is defined as 存在 支援するd by the 政府 that 問題／発行するd it, rather than something that is intrinsically 価値のある like gold.?

All the world's major 通貨s, from the US dollar to the Japanese Yen, are fiat money.

After Musk's 地位，任命する Bitcoin's price rose わずかに to $38,150 before 緩和 to?$37,600 late on Saturday night.

The price is still 負かす／撃墜する more than 30% in May after a 一斉射撃，（質問などの）連発／ダム of bad news.

Tesla has 発表するd it will no longer 受託する the 通貨 as 支払い（額）, and Chinese 公式の／役人s said they would no longer 受託する it in their 財政上の systems.??

Elon Musk, the 億万長者 創立者 of Tesla and outspoken crypt booster, has been tweeting his support of crypto over 'fiat' 通貨s

Elon Musk appeared to show 新たにするd support for cryptocurrencies in a tweet Saturday, 説 he supported it over 'fiat'? 通貨s

Bitcoin's value dropped as low as $32,000 earlier this week before 回復するing some of its losses?

In?a Twitter thread on Thursday night, Musk argued that the cryptocurrency could be environmentally friendly in the 未来, so long as? the biggest '鉱夫s' 明らかにする／漏らすd how much renewable energy they used.??

'This *can* be done over time, but 最近の extreme energy usage growth could not かもしれない have been done so 急速な／放蕩な with renewables. This question is easily 解決するd if the 最高の，を越す 10 hashing orgs just 地位，任命する audited numbers of renewable energy vs not,' he said.

He went on to say that Bitcoin 採掘 was starting to use more energy than small countries.??

'Bitcoin hashing (aka 採掘) energy usage is starting to 越える that of medium-sized countries.??

In a Twitter thread on Thursday night, Musk argued that the cryptocurrency could be environmentally friendly in the 未来, so long as the biggest '鉱夫s' 明らかにする／漏らすd how much renewable energy they used

'Almost impossible for small hashers to 後継する without those 大規模な economies of 規模.'?

Bitcoin 採掘 sees new 'coins' 生成するd by 極端に sophisticated computers solving コンビナート／複合体 mathematical problems. Although no physical 採掘 is 伴う／関わるd, and no actual coins are 造幣局d, the 科学（工学）技術 伴う／関わるd uses 抱擁する 量s of electricity, which in turn 燃やすs large 量s of 化石 燃料s.

In a 報告（する）／憶測 問題／発行するd on Thursday, the 財務省 述べるd new 同意／服従 提案s from 大統領 Joe Biden, 含むing 義務的な 税金 報告（する）／憶測ing for 処理／取引s of $10,000 or more for Bitcoin and its 競争相手 cryptocurrencies.

Explaining the 提案, a 財務省 Department 広報担当者 said: 'Cryptocurrency already 提起する／ポーズをとるs a 重要な （犯罪，病気などの）発見 problem by 容易にするing 違法な activity 概して 含むing 税金 回避.

'This is why the 大統領's 提案 含むs 付加 資源s for the IRS to 演説（する）／住所 the growth of cryptoassets.

Musk was a cryptocurrency 支持する／優勝者 but earlier this month 戦車／タンクd the price by 表明するing 関心 about good it was for the 環境.

'Within the 状況 of the new 財政上の account 報告（する）／憶測ing 政権, cryptocurrencies and cryptoasset 交流 accounts and 支払い（額） service accounts that 受託する cryptocurrencies would be covered. その上の, as with cash 処理／取引s, 商売／仕事s that receive cryptoassets with a fair market value of more than $10,000 would also be 報告（する）／憶測d on.'

The 手段, 始める，決める to 施行される in 2023 if passed, would req uire 商売／仕事s to 報告（する）／憶測 crypto 処理／取引s over the threshold to the IRS, as they are 現在／一般に 要求するd to do with cash, in a 企て，努力，提案 to 割れ目 負かす／撃墜する on 税金 回避 and money laundering.

によれば CNBC, 財政上の 分析家s believe the 安全 and 交流 （売買）手数料，委託（する）／委員会／権限 - a 財政上の 正規の／正選手 separate to the 財務省 Department - will likely be 認めるd 裁判権 over cryptocurrency by 議会.

Bitcoin dropped 6 パーセント on the news to just under $40,000, a day after Wednesday's 騒然とした 貿易（する）ing that saw the coin whipsaw up and 負かす／撃墜する 30 パーセント within hours, with support from Tesla CEO Elon Musk 燃料ing the 回復する.

分析家s believe that Thursday's 提案 could 支える the value of cryptocurrency long 称する，呼ぶ／期間／用語, by 認めるing Bitcoin, Ether and their 競争相手s true legitimacy, 同様に as making 処理／取引s using the 通貨s safer.

Before Thursday's IRS 告示, Bitcoin had earlier 回復するd some lost ground to 貿易（する） above $40,000 on Thursday morning.

The 増加する in value （機の）カム a day after a 残虐な selloff on 関心s over tighter 規則 in 中国 and unease over the extent of borrowing in the cryptocurrency world.?