Elon moons Eth?

Greetings,

Elon Musk and Tesla have suspended accepting Bitcoin for Tesla purchases due to environmental concerns. No doubt the environmentalist Tesla fans have got to Elon and the organisation. I suppose they didn't fully research that aspect before associating the Tesla brand with Bitcoin.

As a result, we saw a sell off of $btc, causing a cascading dump of other tokens. I think we've already seen the bottom of that and some of the coins have recovered. The likes of $aave and $snx, which were set to make epic rallies yesterday and today anyway, continued to rally anyway.

I think this is actually bullish news for $ethereum because it is moving to a POS (Proof of Stake) paradigm. Existing POS platforms that are much more environmentally friendly than Bitcoin are Hive and EOS.

Peace & Love

Adé