Elon Musk’s company Tesla may accept bitcoin again. After Musk said this, the price of bitcoin has jumped and has crossed thirty thousand dollars.
Electric car maker Tesla said in May that it would no longer accept bitcoin.
The company cited the power consumption in mining bitcoins as a matter of concern and cited the reason for its decision.
The company took this decision only two months after accepting bitcoin. Bitcoin is the largest digital currency in the world.
Now during the B Letter Cryptocurrency conference, Musk has said that Tesla may start taking bitcoin again.
He also said that he is also conducting an investigation into the consumption of fossil fuels in bitcoin mining.
Musk said, “I wanted a little more work to confirm whether the percentage of renewable energy use is 50% or more, and there is a trend to increase this percentage, and if so, Tesla.” Will start accepting bitcoins again.”
Tesla’s decision to accept bitcoin was criticized by some Tesla investors and environmentalists.
The question was raised that the use of such currency was allowed to buy vehicles which are being said to be environmentally conscious, which are a threat to the environment.
Mining bitcoins uses a large amount of energy. The question was raised whether this electricity is being made from fossil fuels or from renewable energy.
Elon Musk has been a supporter of cryptocurrencies. He has also been accused of using his influence to increase the popularity of cryptocurrencies.
In the B-word conference, Musk also said that his companies Tesla and SpaceX have bitcoins. Along with this, he has personally invested in Ethereum and Dogecoin.
Musk has also been accused of artificially inflating the price of cryptocurrencies and then selling them.
To this Musk said, ‘I do not believe in raising this price and then selling it. I want to see bitcoin succeed.
Twitter executive Jack Dorsey and ARK Management head Kathy Wood were also present at the B Word conference.
After Musk’s remarks, the price of bitcoin has jumped up to 6 percent while that of Ethereum is up by 10.6 percent.
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