Elon Musk has several times affected the bitcoin exchange rate. Now he demands climate change before Tesla will use bitcoin again.
Once the cryptocurrency bitcoin has become more green, one will again be able to buy Tesla cars with it.
It writes the electric car company’s top manager, Elon Musk, on Sunday on Twitter.
In February, to the surprise of many, Tesla announced that the company would now accept bitcoin as payment.
But in May, Elon Musk changed his mind.
Here he said that bitcoin would no longer be accepted for the sake of the environment.
“Once it is confirmed that there is a reasonable (approximately 50 percent) amount of clean energy among bitcoin miners and a positive trend, then Tesla will again allow bitcoin transactions,” he writes on Twitter.
Bitcoin extraction is based on complicated and time-consuming data processes, which require specially developed data systems in large centers that consume large amounts of energy.
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The journal Nature recently published a study that showed that Chinese bitcoin centers could stand in the way of the country’s climate goals. In China, the centers run, among other things, on energy from coal-fired power plants.
The Chinese centers account for nearly 80 percent of the world’s cryptocurrency trade.
According to the news agency Reuters, bitcoin prices rose immediately in the wake of the tweet from Musk on Sunday.
On Twitter, Elon Musk also responded to an article suggesting that with his repeated statements, he is manipulating the bitcoin price in favor of his own companies.
“That’s not true,” he wrote on Twitter.
In February, Tesla announced that it had bought $ 1.5 billion worth of bitcoin.
However, in connection with the most recent quarterly accounts, it was also clear that the company had already sold out of the inventory.
According to CNBC, the sale contributed $ 101 million on the bottom line in an account where Elon Musk was able to show record profits.
Musk explains on Twitter that Tesla sold “about ten percent of its holdings to confirm that bitcoin could be converted into cash without moving the market.”