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Elon Musk says Tesla is likely to start picking up Bitcoin again

Tesla CEO Elon Musk said the company is likely to resume accepting Bitcoin to buy vehicles.

“Bitcoin seems to be shifting to renewable energy, and many of the large coal-fired power plants used were closed, especially in China,” Musk said Wednesday. B-Word Conference, An event hosted by the Crypto Council for Innovation.

“I would like to do a little more due diligence to make sure that renewable energy usage is likely to be above 50% and that number is on the rise. If so, Tesla is a bit. It is likely that we will resume accepting coins, “he said.

In May, Musk said twitter The company purchases vehicles using Bitcoin, “The use of fossil fuels for Bitcoin mining is increasing rapidly.”

since then, Beijing cracked down on cryptographyExile crypto miners from countries that have since begun to patriotic elsewhere. New data from the University of Cambridge shows that many miners are heading to the United States. The United States is currently the second largest destination for Bitcoin miners in the world.

The United States has some of the cheapest sources of electricity on the planet and are often renewable. Fred Thiel of Marathon Digital said most miners entering North America for the first time will be powered by renewable energy, or gas offset by renewable energy credits, Compass CEO Whit Gibbs said US bitcoin mining It is estimated that it is powered by renewable energy.

“Long-term renewable energy will be the cheapest energy, but it doesn’t just happen overnight,” Musk said. “But as long as there is a conscious and determined real effort by the mining community to move to renewable energy, Tesla can clearly support it.”

Bitcoin on Wednesday was trading nearly 8% higher.

Elon Musk says Tesla is likely to start picking up Bitcoin again

Source link Elon Musk says Tesla is likely to start picking up Bitcoin again

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