Tesla will take Bitcoin at his mercy, Elon Musk suggested at the cryptocurrency conference

The head and co-founder of the American carmaker Tesla, Elon Musk, pleased the holder of the cryptocurrency Bitcoin. At the cryptocurrency conference, he indicated that Tesla could start accepting Bitcoin as currency again.

“Bitcoin seems to be moving towards renewable energy sources. I want to confirm here that the share of renewables in Bitcoin mining is very likely at or above 50 percent and the trend is growing. If this is actually confirmed, it is very likely that Tesla will start accepting Bitcoin as currency again, “Elon Musk told The B-Word Conference on Wednesday.

Musk also admitted that he personally owned a certain volume of the cryptocurrencies Bitcoin, Ethereum and Dogecoin. Bitcoin responded to his statement with growth of more than eight percent and returned significantly to the level of 30 thousand dollars. Around 8 pm Central European Summer Time, it even traded for less than 33,000.

The American billionaire and the second richest man on the planet said in May that Tesla would not accept Bitcoin as currency, because its mining is said to be associated with excessive consumption of electricity produced from fossil sources. However, he later softened his words and now confirmed that he was willing to take the most popular cryptocurrency at his mercy.

author avatar
EditorialTeam
The Trader-Magazine.com EditorialTeam is a collective of certified financial analysts, active traders, and cryptocurrency experts. Our mission is to transform complex market data (forex, equities, indices) into accessible financial education. All content undergoes rigorous, multi-level fact-checking to ensure we deliver only accurate, objective information for your trading and investment decisions.

Top 10 financial instruments for 2022. What will their prospects be in 2023?

The year 2022 has brought countless surprises and obstacles...

Telegram scams: how they work and how to protect yourself

Telegram has become one of the most widely used...

Trump Saved TikTok from a Ban. The App in the U.S. Moves into American Hands

TikTok narrowly avoided a ban in the United States...

Gulf Brokers Ltd. Review

Comparing spreads, commissions, trading platforms, rules and reading dozens...

Climate Change Poses Major Risks to Financial Markets, Regulator Warns

WASHINGTON — A top financial regulator is opening a...

Forbes: CE Industries Owner Strnad to Invest Part of His Companies into Investment Fund

Jaroslav Strnad, owner of CE Industries and Helicopter Alliance...

Coinomi Review: Is This Crypto Wallet Safe or Falling Behind?

Coinomi is one of the longest-running cryptocurrency wallets on...

crypto4me: regulated crypto service brings easy cryptocurrency purchasing within European license

crypto4me – The European cryptocurrency market has undergone significant...

What Is Volatility and Why It Drives Returns

Volatility is one of the most frequently discussed concepts...

What Is a Crypto Airdrop: How Free Token Distribution Works and How to Profit From It

Crypto airdrops have become one of the most talked-about...

Portfolio Diversification: How to Reduce Risk

Portfolio diversification is often presented as a basic rule...
spot_img

spot_imgspot_img