Elon [Musk] announces the resumption of Bitcoin payments

Elon Musk announces the resumption of Bitcoin payments

Tesla CEO Elon Musk tweeted that the electronics maker will resume bitcoin payments when the use of bitcoin's cryptocurrency clean energy reaches 50 percent.

"Once the reasonable use (50%) of clean energy is confirmed by miners with a positive future trend, Tesla will stop trading bitcoins."

In addition, he denied the Bitcoin pump and dump mask, calling the allegations recently made by Sygnia CEO Magda Wierzycka "false."

The multi-billionaire reaffirmed that Tesla sold only 10 percent of its assets in late April to test the liquidity of the cryptocurrency without changing its price.

Tesla suspended bitcoin payments on May 12 due to the unfavorable environmental effects of the mining, causing severe market improvements.

According to Ark Investments, more than 70 percent of bitcoin miners are currently powered by renewable energy, but estimates can vary widely.

Continued crackdown on China's cryptocurrency industry is expected to accelerate the transfer of bitcoin to green power.

Draper's team opposes Elon Musk and says Fiat also produces too much CO2

Draper's team opposes Elon Musk and says Fiat also produces too much CO2

Investor and big billionaire Tim Draper, a supporter of Bitcoin, opposed elon musk's recent tweet that he would not accept bitcoins to buy Tesla cars.

Ilan should not accept to sell Tesla Fiat

The Draper team posted a belated response to Elon Musk's recent tweet.

 

Tesla CEO tweeted that the company will be looking for other digital currencies because Elon Musk has a strong belief in crypto (according to another tweet).

His anti-bitcoin rhetoric has pushed the currency below $ 50,000, and BTC has yet to return above that level.

 

Like many other crypto influencers who are outraged by Tesla's shift in BTC, Draper tweeted that the current financial system, with all its banks, uses a lot of energy and emits a lot of CO2.

 

The Draper team recommends that if Tesla stops accepting bitcoins (while BTC does not sell its balance sheet), the company should also stop accepting Fiat.

 

Anthony Pompliano believes that Elon Musk is publicly addressing the problem of "dirty" mining to provide a solution and launch a technology solution that enables bitcoin miners to use renewable energy.

 

Jack Dorsey supports Elon Musk

Jack Dorsey payment company Square, which keeps bitcoins on its balance sheet, has stated that it has no plans to buy another bitcoin at this time.

According to Amrita Ahoja, Squire's chief investment officer, the company believes that carbon emissions must be addressed first. Therefore, Square has expressed a view similar to Tesla's.

 

Square made two bitcoin purchases: $ 50 million BTC in October last year and another $ 170 million in February.

Still, as the CEO and founder of Twitter and Square, Jack Dorsey is a prominent supporter of Bitcoin, so Square, like Tesla, does not sell its bitcoins.

Ilan Mask posted another tweet about digital currencies Saturday, April 24

Ilan Mask posted another tweet about digital currencies Saturday, April 24

The CEO of Tesla and SpaceX has released another mysterious tweet about digital currencies. He did not talk about Dogecoin and Bitcoin this time, but in his tweet he asked which coin the future will hoodle.

The digital currency community, predictably, began to answer this question with the terms "Dogecoin" and "Bitcoin".

 Tesla CEO's tweets as a Dogecoin fan have been good for Dogecoin in the short term, pushing the digital currency to a high of $ 0.44 last week.

On April 19, the Dogecoin traded at $ 0.44 but has so far reached the $ 0.28 mark, proving that the Dogecoin is a highly volatile asset that can be tweeted from an influential person like Ilan Mask. Swing easily.