Elon Musk thinks cryptocurrencies are better than fiat money

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Tesla CEO Elon Musk confirmed that he still supports cryptocurrencies and considers them better than fiat money. Even in spite of large-scale sales on the crypto market.

Recently, the billionaire has been attackedan avalanche of criticism. Previously, he stated that Tesla would no longer accept Bitcoin for payment. citing that cryptocurrency mining is harmful to the environment. However, in fact, the environmental damage from mining is greatly exaggerated, about which a documentary will soon be made.

Chinese cryptocurrency repression

Bitcoin began to fall when it became known thatTesla will not accept it for payment. News from China increased pressure on the market. Chinese authorities have also voiced concerns about the environmental consequences of Bitcoin mining.

In addition, Chinese officials announced that financial institutions will be prohibited from participating in the provision of services related to cryptocurrency.

While Bitcoin and other digital coinswere sliding downwards uncontrollably, members of the cryptocurrency community turned to Musk with a request to explain his position in relation to cryptocurrencies. Many were angry that Tesla would no longer accept payments in Bitcoin.

Musk still supports cryptocurrency:

“The real battle is between fiat currencies and cryptocurrencies. In general, I support crypto", he replied.

He previously stated that he had not sold his investment in DogeCoin (DOGE).

“I have not sold and will not sell my Doge.”

Bitcoin under attack

Musk's comments, meanwhile, did not produceimpressions on the cryptocurrency market. Over the weekend, the cryptocurrency has fallen in price by more than 14%, and the fall continues. On Sunday, the coin tested the $ 32,000 mark. The price of the cryptocurrency has been falling for the fourteenth day in a row.

The bearish dynamics of BTC affected the state of the market as a whole. Altcoins are also experiencing losses. The total market capitalization sank to $1.3 trillion, almost halving in two weeks.

Where is it more profitable to buy and sell bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
Feedback and support– we analyze user reviews and the quality of technical support.
Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
Platform Features– availability of additional features — futures, options, staking, etc.
final grade– the average number of points for all indicators determines the place in the ranking.

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