Crypto expert reacts to Elon Musk’s reversal on accepting bitcoin

About This Source - CNBC Television

CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

As of February 2015, CNBC is available to approximately 93,623,000 pay television households (80.4% of households with television) in the United States.

Recent from CNBC Television:

  • Sharing the legacy of Juneteenth in Galveston, Texas
  • Families with two dads celebrate Father’s Day
  • Cramer: Ark Invest’s buying bazooka lost firepower for now
  • CNBC Television published this video item, entitled “Crypto expert reacts to Elon Musk’s reversal on accepting bitcoin” – below is their description.

    Hundreds of billions of dollars were wiped off the entire cryptocurrency market after Tesla CEO Elon Musk tweeted that the electric vehicle maker would suspend car purchases using bitcoin. Anthony Pompliano, founder and partner at Pomp Investments, joined “Squawk Box” on Thursday to discuss.

    CNBC Television YouTube Channel

    Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

    In This Story: Bitcoin

    Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.

    4 Recent Items: Bitcoin

  • Keiser Report | The Lie Flat Movement & Bad Money | E1712
  • Bank of Canada should start issuing digital currency, experts say
  • Goldman ramps up bitcoin trading — What it means for Wall Street and crypto
  • Why Nexo’s Trenchev Sees Bitcoin Hitting $100K in a Year
  • In This Story: Cryptocurrency

    A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.

    Bitcoin is the first decentralized cryptocurrency. Since the release of bitcoin, other cryptocurrencies have been created.

    4 Recent Items: Cryptocurrency

  • Bank of Canada should start issuing digital currency, experts say
  • NASCAR driver Landon Cassill on getting paid in cryptocurrency
  • Coinbase Co-founder Fred Ehrsam
  • Tether is the third largest crypto in the world — What to know
  • In This Story: Elon Musk

    Elon Reeve Musk FRS is a business magnate, industrial designer, engineer, and philanthropist. He is the founder, CEO, CTO and chief designer of SpaceX; early investor, CEO and product architect of Tesla, Inc.; founder of The Boring Company; co-founder of Neuralink; and co-founder and initial co-chairman of OpenAI.

    5 Recent Items: Elon Musk

  • NASA, ESA send congratulations on success of Shenzhou-12 mission
  • NASA, ESA send congratulations on success of Shenzhou-12 mission
  • NASA, ESA send congratulations on success of Shenzhou-12 mission
  • Elon Musk: CO2 saint or sinner? | FT Film
  • SEC Wants to Provide Clarity Around Cryptocurrency
  • Leave a Comment