• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
TodayinCrypto.com

TodayinCrypto.com

  • Home
  • Latest News
  • YOUTUBE RECAPS
  • CONTACT US

Tesla CEO Elon Musk claims governments cannot destroy Crypto


September 30, 2021 · By Muhammad Awwal
Bitcoin (BTC)

Elon Musk has become a household figure among cryptocurrency enthusiasts. With over 66 million Twitter followers, Tesla and SpaceX CEO Elon Musk has been shaking up the crypto world with his humorous tweets.

The CEO of Tesla and SpaceX has declared support for cryptocurrencies, calling it indestructible, as worldwide regulators continue to probe the business.

“It is not possible to, I think, destroy crypto, but it is possible for governments to slow down its advancement,” Musk said at the Code Conference in California, CNBC reported Tuesday.

The decentralized nature of cryptocurrencies, according to the Tesla CEO, may pose a challenge to the Chinese government, which started a renewed crypto war on Friday.



“I suppose cryptocurrency is fundamentally aimed at reducing the power of a centralized government,” Musk noted, adding, “They don’t like that.” He also suggested that the latest Chinese crackdown on crypto is likely to have something to do with the country’s “significant electricity generation issues.”

“Part of it may actually be due to electricity shortages in many parts of China. A lot of South China right now is having random power outages because the power demand is higher than expected […] Crypto mining might be playing a role in that,” he stated.



The CEO has long been outspoken about his support for cryptocurrencies, with his tweets propelling meme coin Dogecoin into the top ten by market capitalization.

His electric vehicle manufacturing company, however, has temporarily halted Bitcoin payments due to environmental concerns.

Primary Sidebar

LATEST NEWS

Markets Shrug Off War Fears: Why Ran Neuner Is Going Risk-On

June 16, 2025

Vietnam’s Trailblazing Leap into Digital Innovation: The Groundbreaking Law on Digital Technology Industry

June 15, 2025

Bitcoin Faces Quantum Countdown: Can It Evolve Before It’s Too Late?

June 15, 2025

Crypto Guru Anthony Pompliano to Lead New Bitcoin Endeavor Worth $750M, Report Reveals

June 14, 2025

SharpLink Gaming Shakes Up the Market with a Monumental $463M Ethereum Purchase

June 13, 2025

  • Facebook
  • Instagram
  • Twitter

Newsletter

Footer

ABOUT US

TodayinCrypto is a financial media brand that strives to deliver breaking, accurate and daily news about digital assets to millions of investors in the crypto industry.

We are passionate about Bitcoin and are keen to share news about the people, companies and technological developments that are changing our world.

TODAY IN CRYPTO

  • Bitcoin Mining Under Pressure: Soaring Hashrates, Rising Costs, and Escalating Competition June 16, 2025
  • Markets Shrug Off War Fears: Why Ran Neuner Is Going Risk-On June 16, 2025
  • Vietnam’s Trailblazing Leap into Digital Innovation: The Groundbreaking Law on Digital Technology Industry June 15, 2025

Search

Tags

Aave (AAVE) Aleph.im (ALEPH) Arweave (AR) Avalanche (AVAX) Benchmark Protocol (MARK) Binance Coin (BNB) Bitcoin (BTC) Bondly (BONDLY) Bridge Mutual (BMI) Cardano (ADA) Celsius Network (CEL) Chainlink (LINK) Decentraland (MANA) Dogecoin (DOGE) Elrond (EGLD) Enjin Coin (ENJ) Ethereum (ETH) Ethernity Chain (ERN) Fantom (FTM) FTX Token (FTT) Kusama (KSM) Litecoin (LTC) NFT OriginTrail (TRAC) PAID Network (PAID) PancakeSwap (CAKE) Polkadot (DOT) Polkastarter (POLS) Polygon (MATIC) SnowSwap Solana (SOL) SuperFarm (SUPER) Sushi (SUSHI) Terra (LUNA) Terra Classic (LUNC) The Graph (GRT) Theta Network (THETA) Tixl (TXL) Trustswap (SWAP) Uniswap (UNI) USD Coin (USDC) VeChain (VET) XRP (XRP) yearn.finance (YFI) Yield Optimization Platform & Protocol (YOP)

Copyright © 2025 · Today in Crypto · Terms & Privacy · Log in