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Elon Musk: Bitcoin is Accepted on Green Energy

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Elon Musk wrote in a tweet last night that Teslas can be repurchased with bitcoins if the cryptocurrency uses fewer fossil fuels.

 

The price of bitcoin immediately shot up by more than 5 percent. Last month, Musk caused a fall in the cryptocurrency price when he tweeted that bitcoin is bad for the climate.

“As soon as about 50 percent of the energy used for mining bitcoins is clean, Teslas can be purchased again,” Tesla CEO Elon Musk wrote on Twitter last night:

Bitcoin, the world’s most famous cryptocurrency, immediately rose in value by about 5.1 percent and is now worth more than $ 37,360. That is still considerably less than two months ago when the currency was worth more than $ 63,000.

Last month, the Tesla boss caused a massive drop in the price of digital currency. He was a big fan of bitcoin but changed his mind because of the carbon emissions caused by digital currency.

He called bitcoin a “scam” on a popular TV show and later wrote on Twitter that Tesla no longer accepts cryptocurrency as a means of payment. He also joked online that he was “breaking up” with the coin, pushing the price down even further.

Despite bitcoin’s decline in May, the digital currency is still worth nearly four times as much as it was a year ago. Ether, the second-largest crypto coin in total value, has become more than ten times as much in a year.

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