Elon Musk makes dramatic U-TURN on cryptocurrency – cryptic tweet sends stock flying

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Announcing today on Twitter the Tesla boss suggested he would support cryptocurrencies over fiat currencies. This u-turn comes after the SpaceX CEO sent out contradictory messages for over a week that began with a declaration that Tesla would be halting their acceptance of bitcoin as a payment method. On Twitter this morning, Mr Musk said: “The true battle is between fiat and crypto. On balance, I support the latter.”

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