Elon Musk explained: Tesla will ‘likely’ start accepting Bitcoin again

Elon Musk explained: Tesla will 'likely' start accepting Bitcoin again

Elon Musk, CEO of US electric car maker Tesla, stated that the company will “probably” restart accepting Bitcoin as a form of payment.

In a conference he attended, Musk stated that Tesla and SpaceX invest in Bitcoin, as well as personally invest in Bitcoin, Ethereum and Dogecoin.

Noting that there is more transition to renewable energy sources in Bitcoin mining, he explained that a group of coal power plants, especially in China, were closed.

“I would like to take a little more care to confirm that the percentage of renewable energy use is most likely 50 percent or higher and that there is a trend towards increasing it. If so, Tesla will likely continue to accept Bitcoin,” Musk said. made its assessment.

In a post on Twitter in May, Elon Musk announced that Tesla had suspended the use of Bitcoin in vehicle sales, citing environmental concerns.

Twitter CEO Jack Dorsey, who is known to have cryptocurrency investments, also took part in the conference. Dorsey stated that he would love to see Bitcoin spread around the world in the future.

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