Elon Musk said on Wednesday that Tesla is most likely â???? Start accepting bitcoin again as more renewable energy is being used to mine the digital currency.
Tesla first began accepting bitcoin as payment for its electric cars in March, but discontinued the practice in May because of environmental concerns over the use of fossil fuels for cryptocurrencies.
Tesla Says It Will Stop Accepting Crypto, Bitcoin Price Drops 14 Percent And it hasn’t gotten better since then.
Now, Musk said the energy used to mine bitcoin is becoming greener, which could prompt Tesla to reinstate payments.
“It looks like bitcoin is shifting heavily toward renewable energy and a bunch of heavy-duty coal plants being used… have been shut down, especially in China, one????” Musk said. Said. I’d like to do a little more work to confirm that the percentage of renewable energy use is likely to be 50 percent or more, and that number tends to increase.
A???? Most likely the answer will be that Tesla will start accepting bitcoin again, a???? she added.
Musk said that using cryptocurrencies mined using dirty energy would go against Tesla’s green ethos.
“Tesla’s mission is accelerating the arrival of sustainable energy, â???? he said. â???? We can’t be the company that does this and doesn’t even do due diligence on energy use equipment. â???? ????
Musk commented during a wide range B-Word Conference, an event sponsored by crypto proponents including Jack Dorsey’s payments company Square and Kathy Wood’s tech-focused investment firm Arch Invest.
Elsewhere during the event, Musk denied allegations that his public comments about cryptocurrencies like Bitcoin and Dogecoin???? Which repeatedly causes the markets to shake???? A pump and dump are part of the plan.
“If the price of bitcoin goes down, I lose money, â???? he said. â???? I can pump, but I don’t dump. I definitely want the higher price and Don’t believe in getting sales or anything like that, so I want to see bitcoin succeed.
Musk also agreed-??? apparently for the first time???? That he personally owns Ethereum. However, he said that his bitcoin holdings are much higher than his holdings of Ethereum or Dogecoin.
As of mid-day on Thursday, bitcoin was trading up nearly 8% over the past 24 hours at around $32,000, while Ethereum was up 10% at $1,961 and Dogecoin was up 16% at 20 cents.
However, most cryptocurrencies The profit was recorded ahead of Musk’s remarks.