Bitcoin News: Elon Musk Says Tesla Will Accept Crypto's Paym

Bitcoin News: Elon Musk Says Tesla Will Accept Crypto's Payments When Mining Is Cleaner


Bitcoin News: Elon Musk Says Tesla Will Accept Crypto's Payments When Mining Is Cleaner
06/13/21 AT 5:50 PM
The price of bitcoin fell to a near three-month low after Tesla boss Elon Musk appeared to suggest his car firm had or was planning to offload its holding of the digital unit Photo: POOL / Britta Pedersen
Tesla CEO Elon Musk posted Sunday on Twitter that Tesla will resume bitcoin transactions but only "when there's confirmation of ... 50% clean energy usage by miners."
The comments helped lift the price of bitcoin, which has seen an overall decline since May.
This is inaccurate. Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market.

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