Tesla To Soon Resume Bitcoin Payments - Official.
2021-06-14 | Selina Mathew
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.
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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