Tesla Inc CEO Elon Musk expressed his belief that digital currency has a promising future, but it cannot come at a hefty price tag for the environment.
Billionaire Elon Musk speaks at an event. Photo: AFP/VNA Tesla Inc CEO, billionaire Elon Musk, on June 13 posted on his personal Twitter page that the electric vehicle maker will accept bitcoin transactions when miners use a lot of energy. more renewable in the operation of “mining” this digital currency. The post of the head of Tesla states: “Once there is confirmation of a reasonable (about 50%) use of clean energy by miners with an upward trend in the future, Tesla will continue to allow bitcoin transactions”. Bitcoin jumped 5.1% to 37,360.63 USD/bitcoin on June 13 following the post of billionaire Elon Musk. The above post comes after the scientific journal Nature recently published a study that found China’s bitcoin “mines” pose a threat to the country’s climate goals. These mines account for nearly 80% of the world’s cryptocurrency transactions and partly use the energy of coal-fired power plants. Billionaire Tesla expressed his belief that digital currency has a promising future, but it cannot come at a hefty price for the environment. In addition, Mr. Musk also reacted to the article raising the possibility that billionaire Elon Musk regularly affects the value of bitcoin in one direction or another for his business benefit. The Tesla chief said that the company sold about 10% of its bitcoin holdings to confirm that the digital currency has easy liquidity without volatility to the market. Earlier in February 2021, Tesla revealed that it had purchased $1.5 billion in bitcoin and would accept it as a form of payment for cars. But in May, billionaire Musk reversed the decision, citing long-standing environmental concerns around mining this coin. Bitcoin dropped more than 10% in value shortly thereafter.
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