“We are also looking at other cryptocurrencies that use <1% of Bitcoin’s energy/transaction.”īitcoin isn’t the only cryptocurrency Musk has touted in recent weeks. “Tesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy,” he said. On Wednesday, Musk said Tesla still plans to use bitcoin after the currency finds cleaner energy sources. Musk, who has in the past expressed skepticism about cryptocurrencies, said in an interview on social app Clubhouse earlier this year that he thinks bitcoin is on the verge of “getting broad acceptance by conventional finance people.” He said he should have bought the digital currency eight years ago. By the end of March, it was worth $2.5 billion
Tesla bought $1.5 billion in bitcoin early this year. (Photo illustration by Chesnot/Getty Images) Chesnot/Getty Images The total bitcoin market now represents $ 1.2 trillion, while that of all cryptocurrencies stands at $ 2251 billion. The Cryptocurrency overtakes the British Pound to become the 6th largest currency in the world. The value of Bitcoin (BTC) has exceeded the threshold of 64,000 dollars for the first time in history. PARIS, FRANCE - APRIL 14: In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display on Apin Paris, France. Musk tweeted in late March that people “can now buy a Tesla (TSLA) and Musk have appeared fairly bullish on bitcoin for at least a few months, with the company disclosing in February that it had invested $1.5 billion in bitcoin and floating the ability to buy its cars using the cryptocurrency. The environmental cost of mining - or creating - digital currencies has been well-documented for years, with the debate around them reignited in recent months as cryptocurrency-based tokens known as NFTs exploded in popularity. Tesla did not immediately respond to questions regarding the move, including how many vehicles have been purchased with bitcoin and whether Musk was previously unaware of its environmental impact. “Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment.” “We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” Musk said in a note posted on Twitter Wednesday. Musk cited bitcoin’s high environmental cost as reason for the move, after months of being bullish on it.
Other digital currencies followed bitcoin lower, with ethereum losing 14% and dogecoin shedding nearly 20%. ET on Thursday - bringing the coin’s price down to about $49,300, according to cryptocurrency news website Coindesk. The price of bitcoin has nosedived after Tesla CEO Elon Musk said his company was suspending plans to accept the cryptocurrency as payment for electric vehicles.īitcoin was down 12% as of 6:50 a.m.
0 kommentar(er)
