Elon Musk sets the condition for Tesla to resume accepting bitcoin transactions

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Elon Musk sets the condition for Tesla to resume accepting transactions with"Bitcoin"

date of publication:
Jun 14, 2021 2:44 GMT

Update date: Jun 14, 2021 2:50 GMT

American business magnate and billionaire Elon Musk, founder and CEO of the electric car giant, Tesla, said that the latter will allow Bitcoin transactions again.

Source: Mohamed Abdel Sanad – Erm News

American business magnate and billionaire Elon Musk, founder and CEO of the electric car giant, Tesla, said that the latter will allow Bitcoin transactions again when the digital currency is mined with more clean energy, Bloomberg News reported.

“Transactions will start again when there is confirmation of reasonable use of clean energy (~50%) by miners with a positive future trend,” Musk wrote in a tweet via his Twitter account on Sunday.

Musk added that the electric car maker has sold about 10% of its holdings of bitcoin, the world’s largest and most popular cryptocurrency by market capitalization.

Elon Musk noted that the sale was made “to confirm that Bitcoin can be easily liquidated without moving the market.”

Elon Musk’s latest tweet came in response to a report in Cointelegraph that quoted Magda Wirzeka, CEO of Signia, an asset management company in the Republic of South Africa, as saying that Musk’s recent tweets about Bitcoin should have prompted an investigation. With him by the US Securities and Exchange Commission.

The value of the crypto-woman rose by 4.1% to $37494.43.

And in New York, the billionaire has hit Bitcoin and its sister cryptocurrency recent with a series of social media posts in the past few months.

It is reported that on May 13, Tesla CEO Elon Musk said in a tweet that his company had suspended the sale of cars for bitcoin, due to concerns about climate change.

“We are concerned about the rapid increase in the use of fossil fuels for bitcoin mining and transactions, especially coal, which produces the worst emissions of any fuel,” Musk wrote.





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