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- Elon Musk tweeted that Tesla will not accept payments in Bitcoin due to environmental concerns.
- He also tweeted that he is working with Dogecoin developers to improve transaction efficiency.
- Bitcoin's value hit a two-month low after Musk's statement, while Dogecoin rallied by 20%.
- Musk has shown more support for Dogecoin than for Bitcoin in recent months.
- Tesla suspended vehicle purchases using Bitcoin due to concerns about fossil fuel use in mining and transactions.
- Musk believes in crypto but is against a massive increase in fossil fuel use, especially coal.
- Twitter users welcomed Musk's statement and expressed support for Dogecoin.
- Musk has previously suggested that crypto could become the world's future currency.
- Bitcoin's value has stabilized since Musk's tweets.
- Musk's tweets demonstrate his influence on the digital currency market.
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