Elon Musk confirms that he will accept Bitcoin again only if he uses clean energy

Elon Musk has been characterized as a great influencer in the cryptocurrency market; However, recent statements indicate that Tesla could accept Bitcoin again only if it meets certain conditions.

photo 1554744512 783e8dc69b10
photo 1554744512 783e8dc69b10

UNITED STATES.- Elon Musk has been characterized as a great influencer in the financial market, with special emphasis on cryptocurrencies such as Bitcoin or Dogecoin.

Previously, it had announced that it would be possible to acquire its Tesla vehicles using Bitcoin as a payment method, an opinion that later changed due to the environmental impact.

Tesla CEO Elon Musk pointed out Sunday that the company could resume transactions with Bitcoin for the purchase of its vehicles ; However, it has one condition: crypto miners must make use of clean energy for the extraction of cryptocurrencies.

According to Diario Bitcoin , the present statement was affirmed on Twitter, after responding to a tweet with an article from Cointelegraph, where the South African billionaire Magda Wyerzycka, CEO of Sygnia, accused him of manipulating the market with his tweets and selling his Bitcoins .

This is inaccurate. Tesla only sold -10% of the holdings to confirm that BTC could be easily liquidated without moving the market. When it has confirmed reasonable (-50%) clean energy use by miners with a positive future trend, Tesla will resume Bitcoin transactions, ”Musk stated on Twitter.

So if cryptocurrency mining becomes cleaner, users will be able to access Tesla’s electric car via bitcoin.

Elon Musk’s Influence: His Bitcoin Moves.

It should be remembered that Tesla stopped buying its cars with Bitcoin in mid-May, due to concerns about how mining contributes to climate change. 

This opinion was one of the key factors in the strong collapse that the cryptocurrency experienced that month, when before it had risen due to the same influence of Musk, who had announced that Bitcoin would be accepted as a payment method to acquire his Tesla vehicles.

Wierzycka’s opinion shares a core with many netizens, who have expressed that Musk’s tweets about Bitcoin prices can lead to clear market manipulation . Given this, the billionaire believes that the United States Securities and Exchange Commission (SEC) should investigate her activity on Twitter.

It is necessary to return to the fact that the price of Bitcoin benefited from that tweet on Sunday, when around 7:00 AM in New York, the main crypto experienced a gain; currently, its increase brought it back to $ 40,000 per unit. 

What do you think?

Written by Geekybar

Linguist-translator by education. I have been working in the field of advertising journalism for over 10 years.

For over 7 years in journalism. Half of them are as editor. My weakness is doing mini-investigations on new topics.


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