While the value of the 43,200 Bitcoins held by Tesla has fallen sharply to round $902 million from $1.5 billion according to bitcoin cash payment processor Treasuries as of time of writing, the tech tycoon seems to be preserving his faith in cryptocurrencies. The mogul has just confirmed it as soon as once more since one other of his corporations, The Boring Firm has simply ventured into the world of cryptocurrencies.
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Musk beforehand stated that The Boring Company’s purpose “is to unravel visitors, which plagues every major city on Earth.” One of many company’s initiatives is Loop, also known as “Teslas in Tunnels.” Loop is “an express public transportation system that resembles an underground highway more than a subway system,” its website particulars, adding that the system is all-electric with zero-emissions.
