Tesla To Soon Resume Bitcoin Payments - Official.

Tesla To Soon Resume Bitcoin Payments - Official.

2021-06-14 | Selina Mathew

Tesla To Soon Resume Bitcoin Payments - Official.

Tesla will resume accepting Bitcoin [BTC, +12.77%] as a means of payment once the cryptocurrency’s power-hungry miners go halfway green, CEO Elon Musk officially revealed on Sunday. The news appears to possess driven the worth of bitcoin and other crypto-assets up. Musk halted Tesla’s months-old crypto foray in mid-May citing environmental concerns. But “when there’s confirmation of reasonable [~50%] clean energy usage by miners with the positive future trend, Tesla will resume permitting Bitcoin transactions,” he revealed within the tweet. It is unclear how Musk will fact-check miners‘ clean energy usage as there's widespread debate over where the industry presently stands. Even so, the comments offer a primary benchmark for reinstating bitcoin payments at Tesla. Musk's also revealed reiterates his defense of getting sold 10% of the electric vehicle maker's bitcoin stash in Q1 and would also seem to point out that the company hasn't sold anymore. Tesla To Soon Resume Bitcoin Payments - Official. Musk's tweet might have been the propellent to the worth of bitcoin that started a pointy upward move about an hour after the tweet was sent. In recent trading, bitcoin was changing hands at $40,550.21, up 12.77%, and leading a sea of green on the worth page for other crypto assets.

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