Elon Musk said in his tweet that Tesla will no longer take payments in Bitcoin. Bitcoin price fell by 17 percent after Elon Musk’s tweet. Three months ago Elon Musk approved the payment of Bitcoin.
New Delhi. Elon Musk said in his tweet that Tesla will no longer take payments in Bitcoin. Bitcoin price fell by 17 percent after Elon Musk’s tweet. Three months ago, Elon Musk approved the payment of Bitcoin, the whole industry is shocked by his U-turn. The Tesla company on Thursday morning refused to buy bitcoins to buy its vehicles due to climate concerns. The price of the world’s largest cryptocurrency has dropped from $ 54,819 to $ 45,700 within just two hours after the tweet, its lowest price since March 1. What did Musk write?
“We are concerned about the rapidly increasing use of fossil fuels for bitcoin mining and transactions, particularly coal, which has the worst emissions of any fuel,” Musk wrote in a tweet. It is known that earlier this year, Tesla announced that it had bought $ 1.5 billion worth of bitcoin and would accept it in the purchase of its cars, due to which the price of this digital token was increased. However, Musk also said that Tesla will not sell any bitcoins and will start accepting bitcoins as soon as the mining turns into more sustainable energy.
Tesla & Bitcoin pic.twitter.com/YSswJmVZhP
— Elon Musk (@elonmusk) May 12, 2021
has been done so much, the value of the cryptocurrency market was worth about $ 2.43 trillion. That fell to $ 2.06 trillion after the tweet, to about $ 365.85 billion. However, the market has subsequently recovered some losses and is currently valued at around $ 2.27 trillion.
