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Elon Musk: Tesla will resume allowing Bitcoin transactions

Tuesday, 15 June 2021

American entrepreneur Elon Musk said that Tesla will resume accepting payments in Bitcoins after miners switch to using energy from renewable sources.

Musk made this statement in response to the accusation of the CEO of Sygnia Magda Wierzycka of manipulating the cryptocurrency market.

Vezhitska believes that with his messages on Twitter, Musk is influencing the rate of Bitcoin and other cryptocurrencies in order to get additional profit. She even called on the US Securities and Exchange Commission (SEC) to investigate Musk's actions.

"This is inaccurate. Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market. When there's confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,"
Musk wrote.

Recall that Tesla sold 10% of its Bitcoins in April. Then the CEO of the company stressed that he did not sell his own reserves of the first cryptocurrency. The fact that the manufacturer of electric cars invested $ 1.5 billion in Bitcoin became known in February.

Did you see?

Elon Musk is catching flak again, but what's it for this time? Sygnia CEO Magda Wierzycka lambasted him saying “What we have seen with Bitcoin is price manipulation by one very powerful and influential individual." https://t.co/W5WYgGnKPR
— Cointelegraph (@Cointelegraph) June 13, 2021