Tesla Will Most Likely Resume Accepting Bitcoin (BTC) – Elon Musk

Elon Musk’s full statement on the potential resumption of Tesla accepting Bitcoin can be found below.

Tesla’s mission is accelerating the advent of sustainable energy…So, all I did was I said look…we’re going to suspend Bitcoin transactions for now. We are not selling any Bitcoin, nor am I selling anything personally, nor is Space X…

It looks like Bitcoin is shifting a lot more towards renewables and a bunch of the heavy-duty coal plants that were being used…have been shut down especially in China…

I want to do a little more due diligence to confirm that the percentage of renewable energy usage is most likely at or above 50%. And that there is a trend towards increasing that number. If so, Tesla will most likely resume accepting Bitcoin.

Bitcoin Bounces Back Above $32k

Elon Musk’s statement that Tesla will most likely reinstate Bitcoin transactions has had a positive impact on the price of BTC.

A few hours before the ‘The ₿ Word’ conference went live, Bitcoin was trading around the $29,700 price area and would go on to post a 7-day peak value of $32,858 due to Elon’s statements.

At the time of writing, Bitcoin is trading at $32,120 as it defends the $32k price area as support. Chances are that Bitcoin continues to maintain a value above $30k as investors and traders are now aware that Tesla has plans of reaccepting Bitcoin as a form of payment.

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