Elon Musk became the mouthpiece of meme cryptocurrencies and raised the issue of ecology

Elon Musk became the mouthpiece of meme cryptocurrencies and raised the issue of ecology.

The person of the year for the industry was Elon Musk, whose tweets directly influenced the market and investor sentiment. Globally, the entrepreneur was also named Person of the Year by TIME and the Financial Times.

The active support of Elon Musk turned the Dogecoin meme cryptocurrency into a phenomenon of the year: it burst into the top 10 assets by capitalization and appeared in the listing of top exchanges.

Musk breathed life into the Dogecoin clones Shiba Floki and Shiba Inu. The latter even reached the top 10 in terms of capitalization.

However, it was Dogecoin that provided explicit support for Musk. In particular, he stated that DOGE can “easily” beat Bitcoin.

Digital gold, on the other hand, was criticized by the billionaire, although at the beginning of the year the situation was developing in a favorable way. In February, Tesla revealed a $ 1.5 billion investment in Bitcoin, and in March, Musk announced the start of sales of electric cars in the United States for BTC.

It is not known whether anyone took advantage of the offer, but in May the company abandoned the initiative due to concerns about the environmental impact of mining.

Musk's criticism influenced investor sentiment. In May, 23 North American mining companies merged to form the Bitcoin Mining Council (BMC) with a goal of reducing CO₂ emissions. Musk was present at the first meeting, but his participation in the organization ended there.

In the first report, BMC estimated the share of green energy in the global BTC mining industry at 56% for the second quarter. The work was criticized in the community, pointing to bias, limited sampling and questionable methodology.

From that moment on, the role of the environmental argument has grown greatly. It was successfully used in Beijing, where it plans to achieve carbon neutrality by 2060.