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Elon Musk says Bitcoin may have already hit his benchmark on renewable energy

Published 07/21/2021, 03:59 PM
Updated 07/21/2021, 05:40 PM
Elon Musk says Bitcoin may have already hit his benchmark on renewable energy

Tesla (NASDAQ:TSLA) CEO Elon Musk has hinted that the crypto industry is on its way toward greener future, but Tesla won’t be accepting Bitcoin payments just yet.

Speaking at "The ₿ Word" — a virtual Bitcoin (BTC) event with Twitter CEO Jack Dorsey, Ark Invest’s Cathie Wood and moderator Steve Lee from Square Crypto — Musk said that Tesla would “most likely” consider resuming crypto payments for its vehicles — a policy the CEO said the company would be stopping in May — but said he needed to exercise diligence before making a decision.

Screenshot from The ₿ Word

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Latest comments

he won't accept until price over 40 or 50k because he knows the selling will break the market and drop his btc holdings.
Time to bump the price again. I guess Musk worries about his Bitcoin holdings. 8 weeks ago Bitcoin was not using clean energy. Only took 8 weeks to turn it clean. What a turnaround.
This fool is cringe worthy. What has changed that bitcoin is now to his liking? Im pretty aure he accumilated some.
Well, China’s CCP making BTC miners flee the country like rats is the major thing.
I kinda love that guy
Then you’re a rat follow the pied piper. All he does is speak nonsense about crypto while his cars crash and burn.0
The #1 manipulator in the world... With a crowd of 54 million followers. It's dangerous IMO
Why would anyone trust this guy
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