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Elon Musk: Tesla To Resume Bitcoin Payments

Elon Musk: Tesla To Resume Bitcoin Payments

Yesterday, Tesla CEO Elon Musk tweeted that the electric vehicle manufacturer will resume accepting bitcoin payments for its vehicles once the energy use of bitcoin mining relies less on carbon-based sources.

“When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,” Musk shared.

The tweet was a response to an article in which Magda Wieryzcka, CEO of financial services company Sygnia, accused Musk of price manipulation in the bitcoin market. Musk denied such accusations in the same tweet, saying that “Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market.”

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