The world’s largest digital currency fell from about $54,819 to $45,700, its lowest level since March 1, just about two hours after the Tesla CEO’s announcement.
Illustration (Source: AFP/VNA) Bitcoin digital currency has rehibilitate to around $50,000 in Asian trading on May 13, after plunging as much as 17% due to the announcement of the CEO of electric car maker Tesla, Elon Musk, on May 12 about stopping acceptance. pay in bitcoin because of concerns about the use of fossil fuels when “mining” this currency The world’s largest digital currency fell from about $54,819 to $45,700, its lowest level since March 1, just about two hours after the announcement. Mr. Musk said that Tesla will not sell any bitcoins and will keep this currency to use for transactions when bitcoin “mining” uses more sustainable energies. According to Mr. Musk, Tesla are also looking at other cryptocurrencies that use less than 1% of the energy that the coin uses bitcoin consumed. The process of “mining” bitcoin is an energy-intensive process that currently mainly depends on electricity generated from fossil fuels, especially coal. According to the most recently published figures from the University of Cambridge and the International Energy Agency, with current consumption, such bitcoin mining consumes an annual amount of energy equal to that of the Netherlands. consumed in 2019. Mr. Musk himself strongly believes in the digital currency but also in favor of clean technology. He said digital currency is a good idea and will have a promising future, but he cannot accept the big impact on the environment.
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