BitCoin Price: After a steady decline in the price of bitcoin for the past few months, it once again saw a rise. After Tesla CEO Elon Musk’s tweet, Bitcoin reached 39,000 thousand dollars. Earlier, after Elon Musk’s tweet and the ban in China, there was a decline in it.
In his latest tweet, Elon Musk said that in the coming times, Tesla may once again allow buying cars from bitcoin, but for this it is necessary that miners use clean fuel. Get on Earlier, Elon Musk banned Tesla from buying cars from bitcoin, citing green energy.
This is inaccurate. Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market.
When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions.
— Elon Musk (@elonmusk) June 13, 2021
The price of bitcoin fell by 17% after Elon Musk’s tweet in May promoting cryptocurrency. He then announced that Tesla Inc. would not accept bitcoin for the sale of its vehicles. He told the reason behind this was pollution. After which the price of the world’s largest cryptocurrency fell from $54,819 on March 1 to $45,700 in just under two hours and the decline continued.
Musk wrote in a tweet that we are concerned about the rapidly increasing use of Fossil Energy for bitcoin mining and transactions. Especially coal, which has the worst emissions of any fuel.