Tesla CEO Elon Musk said that in the near future the company does not plan to accept payments in BTC, despite the fact that miners are switching to “green” energy sources.
Musk announced this at the virtual conference “The ₿ Word” hosted by Twitter CEO Jack Dorsey, Ark Investment Management founder Catherine Wood and Square Crypto employee Steve Lee.
In May, Tesla announced that it would stop accepting payments in bitcoin due to the fact that its mining is harmful to the environment. According to a recent study, after Musk’s statements about the unsustainability of mining, the opinion of American investors about Bitcoin has changed dramatically.
In his speech, Musk confirmed that Tesla could start accepting payments in BTC again if miners mine them using green energy sources. However, this will not happen soon, as Musk believes that the company should be careful in this matter.
“It looks like bitcoin miners have started to phase out the use of coal-fired power plants, especially in China. The cryptocurrency industry is moving towards renewable energy sources, but it’s happening too slowly. Tesla’s mission is to accelerate the development of sustainable energy, which is why we pay so much attention to whether Bitcoin mining is using green energy. If this figure is more than 50% and will increase, only in this case Tesla will resume accepting bitcoins, ”Musk said.
He commented on the statements of some traders accusing him of organizing the “pump and dump” schemes of BTC and DOGE via tweets. According to Musk, BTC, DOGE and ETH are the only cryptocurrencies that matter to him.
Musk claims that even after Tesla stopped accepting bitcoins, he did not sell a single coin. He did not name a specific amount of cryptocurrencies in his possession, but said that even his one-year-old son “hods” a certain amount of DOGE.
“If the bitcoin rate falls, I will lose money. I can pump bitcoin, but it makes no sense for me to dump it. I’m not going to inflate the price of bitcoin and then sell it, ”added the CEO of Tesla.
Recently, hacker group Anonymous announced that it will launch the DeFi token Anon Inu to counter Elon Musk. There are suggestions that it was Musk’s statements about the non-environmental friendliness of bitcoin that led to the ban on mining in China.
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