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Hiltzik: The truth about Elon Musk's anti-bitcoin stance

Print For anyone still wondering why bitcoin lost nearly 8% of its value in the blink of an eye Sunday and has slid even more on Monday, we have two words of explanation: Elon Musk. Since Feb. 8, when Tesla, his electric-car company, announced that it had bought $1.5 billion in the vaporous cryptocurrency, the price of bitcoin has risen and fallen in step with Muskโ€™s further pronouncements. Bitcoin rose when Tesla said it would start taking bitcoin in payment for its cars. It fell Wednesday,...
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