Elon Musk Reconciles With “bitcoin” .. Strong Gains After His Statements

Bitcoin jumped above $31,000 after Elon Musk said Tesla would "probably" resume accepting payment for its electric cars.

Following his comments, Bitcoin is up 6% at $31,952 and Ethereum is up 10.6% at $1,979, according to data from Coindesk.

The electric car maker said in May that it would no longer accept cryptocurrency, citing concerns about the environmental impact of bitcoin mining that uses huge amounts of electricity. The move came less than two months after the company began accepting the world's largest digital currency as payment.

“The answer is likely that Tesla will resume accepting Bitcoin,” Musk said during the B Word Cryptocurrency Conference.

He also said that he was investigating the use of fossil fuels in bitcoin mining, emphasizing that he wanted "more scrutiny to confirm that the percentage of renewable energy use is likely 50% or higher, and that there is a trend towards increasing this percentage, and if so, it will resume Tesla accepting Bitcoin.

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SOURCE : ALQABAS

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