The Strategist

Tesla will accept Bitcoin for payment if it becomes 'green'

06/15/2021 - 03:48

Elon Musk's company will resume accepting bitcoins as a means of payment if the method of obtaining the famous cryptocurrency becomes environmentally friendly.
"Tesla has only sold about 10% of its assets to confirm that the company's Bitcoin investments can easily be liquidated without a change in the market. When there is confirmation of reasonable (around 50%) clean energy use by miners with a positive trend in the future, Tesla will resume Bitcoin," Elon Musk noted on Twitter.

Elon Musk's tweets in support of Bitcoin have previously had a major impact on the cryptocurrency's quotes, including when Musk mentioned Bitcoin on his Twitter page in January this year.

On 13 May, Musk posted a message on the social network that his corporation intended to sell all bitcoin assets. When the billionaire's message appeared on the global network, the cryptocurrency's value plummeted to about $45,000.

In February of this year, the entrepreneur's company provided the US Securities and Exchange Commission (SEC) with information about its $1.5 billion investment in Bitcoin.