Electric vehicle maker Tesla has ditched bitcoins as a means of payment. The head of the company, Elon Musk, wrote about this on Twitter.
Elon Musk wrote:
Tesla has suspended the sale of cars using Bitcoin. We are concerned about the rapid increase in the use of fossil fuels for mining and Bitcoin operations, especially coal, which has the worst emissions.
He added that cryptocurrency “is a good idea, but not at the cost of harm to the environment.” At the same time, Musk noted that he believes in a promising future for “crypt”.
In this regard, Tesla will also not sell its bitcoins and use them for operations until the mining of cryptocurrency is carried out using green energy sources.
The company is considering using those cryptocurrencies that use less than 1% of the energy spent on Bitcoin transactions.
Against the background of these statements, the rate of the main cryptocurrency fell by more than 17%, to 46.2 thousand dollars. Over the next hours, there was a rebound to the level of 50.4 thousand dollars per unit (as of 8:00 Moscow time on May 13). Other cryptocurrencies are also falling, including the popular Ethereum (-9%).
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Elon Musk announced the start of Tesla sales for bitcoins on March 24. In February, the company itself bought bitcoins worth $ 1.5 billion, writes the drom.ru portal.
Musk’s decision is illogical, since the energy consumption of bitcoin mining has slightly decreased since March, that is, it takes less energy to obtain BTC, which reduces the amount of harmful emissions.