Elon Musk says it is impossible to destroy crypto
hive-167922·@zartisht·
0.000 HBDElon Musk says it is impossible to destroy crypto
Crypto market is under immense pressure after China recent ban on crypto currency. More than 500 Billion USD has already been wiped out from the market after China stringent ban against crypto currency.  [source](https://cointelegraph.com/news/crypto-is-impossible-to-destroy-says-tesla-ceo-elon-musk) In such crunch situation, Tesla owner Elon Musk gave encourage statement. Addressing to Code Conference in California world second richest person said that it is difficult to destroy crypto currency. Tesla owner believes that decentralized nature of crypto is a big hurdle to destroy currency completely. However, Musk believes that recent again by Chinese government and regulator may slow down crypto adoption. Musk believes that too much electricity generation as a result of mining is the major reason of China strict action against crypto currency. Remember Tesla owner is a crypto enthusiast and his series of tweets already turned the table of crypto world couple of times. Let's see his recent statement help to build investor trust over world most volatile assets. This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@zartisht/elon-musk-says-it-is-difficult-to-destroy-crypto)
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