Tesla Will Stop Accepting Bitcoin As Payment Due To Environmental Worries, Musk Says

, Musk said Tesla is concerned about “rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal.”

The company will restart using bitcoin “as soon as mining transitions to more sustainable energy,” and it will look for less energy-intensive cryptocurrencies in the meantime.Bitcoin’s price dropped about 5% shortly after Musk’s announcement, a fairly small dip for a cryptocurrency“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,” Musk said in a statement.

I am a breaking news reporter at Forbes. I previously covered local news for the Boston Guardian, and I graduated from Tufts University in 2019. You can contact me atI am a breaking news reporter at Forbes. I previously covered local news for the Boston Guardian, and I graduated from Tufts University in 2019. You can contact me at jwalsh@forbes.com.

SpaceX already has a mission funded by Dogecoin next Tesla will accept it. After that it's a waterfall of companies jumping on this digital coin he trust. People will get wealthy at first from it but it's going to level off and hold it value vs any countries currency.

Elon baru sadar bahwa energi buat minning itu besar dan meningkatkan polusi udara.

Bilang aja pasaran lagi turun

Once you founded your own coin l know bitcoins is in trouble, you have enough bitcoins to dump in the markets and Doge will raise then you win and the cycle will complete.

susipudjiastuti Bnyak sangkuters gara2nya, bu 😢😢

And then it will accept Doge

TonesDOGE Hey........Hey

Laugh in Hell

susipudjiastuti Good job elon Now pompom doge again

jamielsimon And Bitcoiners will stop buying Teslas

“Do you want Tesla to accept Doge?” Elon is going to use Doge to replace BTC in buying Tesla due to environmental protection 🚀🚀🚀🚀🚀🚀🚀🚀🚀🤓🐶🇺🇸👍

One day ago.

🧐

But isn't going to be selling any.. This is a massive FUD play to bring prices down for bigger financial elites to be able to accumulate at lower prices. At the same time, yes the environmental issue does need to be addressed so as soon as it is crypto will be even harder to stop

Smart business move.

amazing lol

shiba

Actual Reason: China

aaaaaaand the magician has revealed his 3rd act: the prestige.

Um, hello McFly!

it will create shame in the face,What's the use of having so much money if you are shameless? You like to lie and betray people! 😉

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