To regulators, this volatile market remains a gamble, however. The market is largely unpredictable even for the most experienced crypto traders. In May 2021
Elon Musk tweeted
that Tesla would no longer accept Bitcoin for vehicle purchases and the market value of cryptocurrency plunged, leading to losses of more than $1.3 trillion. There are rewards, sure. But there are also risks. Two months later, in July 2021
, Bitcoin regained value when Elon Musk said that Tesla would likely start accepting it as payment once again.