What condition does Elon Musk set for his company to resume accepting Bitcoin?
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Controversial US billionaire Elon Musk, founder and CEO of Tesla, has said his company will allow Bitcoin transactions again when the digital currency is mined with more clean energy.
Transactions will start again when there is confirmation of reasonable use of clean energy (~50%) by miners with a positive future direction, Musk wrote in a tweet via his personal account on the micro-blogging site Twitter on Sunday.
Musk added that the electric car maker has sold about 10% of its holdings of bitcoin, the world's largest and most popular cryptocurrency by market capitalization. Elon Musk noted that the sale was made to confirm that Bitcoin can easily be liquidated without moving the market.
Elon Musk's latest tweet came in response to a report in Cointelegraph, which quoted Magda Wirzeka, CEO of Signia, an asset management company in the Republic of South Africa, as saying that Musk's recent tweets about Bitcoin should have prompted an investigation. With him by the US Securities and Exchange Commission.
The value of the crypto-woman increased by 4.1% to $37494.43.
And in New York, the billionaire has hit Bitcoin and its sister cryptocurrency recently with a series of social media posts in the past few months.
It is reported that on May 13, Tesla CEO Elon Musk said in a tweet that his company had suspended the sale of cars for bitcoin, due to concerns about climate change.
We are concerned about the rapid increase in the use of fossil fuels for bitcoin mining and transactions, especially coal, which produces the worst emissions of any fuel, Musk wrote.