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...

Sephora Stock & LVMH Investment Guide: Is Sephora Publicly Traded?

Sephora is one of the world’s most recognisable beauty...

Japan and US jointly intervene to support yen for first time in 15 years

Japan and the United States carried out a coordinated...

VUG Stock Split: What Vanguard’s 6-for-1 Split Means for Investors

Investors searching for information about the VUG stock split may have...

Dollar, Pound, and Franc: How USD to GBP and Interest Rate Differentials Drive Currency Flows

The relationship between the US dollar, British pound and...

AFP: Developers are testing ways to communicate with books using AI

More and more start-ups and digital publishers are offering...
spot_img

spot_imgspot_img