Bad news for Bitcoin, now Tesla will not take payments in Bitcoin, Elon Musk said the reason

Elon Musk tweeted that Tesla will no longer accept payments in bitcoins. Along with this, he has also given the reason for this.

Within three months, Elon Musk changed his mind and said that Tesla would no longer accept payments in bitcoins. Elon Musk has made a tweet about this decision. According to this, fossil fuels (coal, petroleum, crude oil, natural gas) are being used heavily for bitcoin mining and transaction. Citing this as the reason, Musk has decided not to take a payment in cryptocurrency.

Musk said that the idea of ​​cryptocurrency is very brilliant and its future is also very bright. But it is having a very bad effect on our environment. He said that Tesla will no longer sell cars in bitcoins. When cryptocurrency mining is based on sustainable energy, we will use it again. At the same time, he also said that the company is considering a cryptocurrency that consumes less than 1 percent of the energy consumed in bitcoin mining. Explain that in a regulatory filing in February 2021, Tesla said that it had bought a bitcoin of $ 1.5 billion. Apart from this, he also talked about taking payment in Bitcoin.

Elon Musk organized a poll on his Twitter handle on 11 May. In this poll, he had asked whether Tesla should accept the dojkoin. In this poll, 78.20 percent participants said that the company should accept the payment in the dossyCoin, while 21.80 percent participant said that it should not accept the payment. Dogecoin has been in the news for quite some time now. It is the fifth largest cryptocurrency in terms of market cap. It is currently trading at a level of $ 0.43. In 2021, it has given a return of 9228 percent so far.

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