On June 14th, Tesla CEO Elon Musk tweeted that once he confirmed that most Bitcoin miners are using clean energy, his electric car company will re-accept Bitcoin (BTC) ) Payment. Affected by this news, the price of Bitcoin rose to $39,000.
It is reported that Magda Wierzycka, CEO of Sygnia, previously called on the US Securities and Exchange Commission (SEC) to investigate Musk, accusing him of suspicion of manipulating bitcoin market prices.
In response, Musk responded on Twitter, saying:
“This is inaccurate. Tesla only sold about 10% of its Bitcoin holdings to confirm that BTC can be easily liquidated without affecting the market.
When we confirm that about 50% of miners will use clean energy in the future, Tesla will resume accepting Bitcoin payments.
According to Wierzycka, Musk deliberately increased the price of Bitcoin just to sell most of his exposure during the peak of the market.
As previously reported by Cointelegraph, Musk admitted in April that Tesla had sold part of its Bitcoin holdings to prove the liquidity of BTC as a cash substitute. A month ago, Tesla It announced that its balance sheet has added $1.5 billion worth of bitcoin and will begin to accept this virtual asset as a payment method for its electric vehicles.
However, in May, Musk turned his face to stand on the opposite side of Bitcoin. He tweeted that Tesla stopped Bitcoin payment on the grounds that “Bitcoin consumes a lot of fossil fuel”.
Musk’s tweet coincided with a series of negative headlines about Bitcoin’s energy use, China’s crackdown on Bitcoin mining, and signs of weakness in over-expanded cryptocurrency gains. In the past month, the price of Bitcoin has fallen by approximately 54%.
In addition, Musk was recently invited by MicroStrategy CEO Michael Saylor to participate in a Bitcoin miners conference. The purpose of this conference is to allow miners to use more renewable clean energy and to improve the transparency of the mining process.
Although there are many criticisms of Bitcoin mining from all walks of life, it is estimated that the vast majority of miners are already using alternative energy sources.
When do you think Tesla will accept Bitcoin payments again?