Elon Musk said that Tesla will once again take payment in Bitcoin when 50 percent of its clean energy is used in its mining.
When cryptocurrencies are discussed, this discussion seems incomplete without Elon Musk. One of his tweets gives rise and fall in cryptocurrency. As usual, after a new tweet by Musk, today bitcoin is seeing a rise of about 13 percent. According to the information available on the website of Coin Desk at 12 noon, bitcoin was trading at the level of $ 39370 with a gain of 12.31 percent. The lowest level of the last 24 hours is $35084 and the highest level is $39794.
Ethereum is also seeing a rise of 7.19 percent at this time and it was trading at the level of $ 2494. Elon Musk tweeted that Tesla will start accepting payments in Bitcoin again when cryptocurrency miners use 50 percent clean energy. Apart from this, he also rubbished the report which claimed that Tesla has sold a large part of the bitcoin holding.
In fact, Magda Wierzycka, CEO of Sygnia Financial Services, one of the richest women in South Africa, accused Elon Musk of cryptocurrency manipulation. He said in an interview that Tesla invested $ 1.5 billion in bitcoin, then after that Elon Musk made its price skyrocket by tweeting continuously, then Musk took a profit and sold a large part.
In response, Elon Musk said that this is wrong. Tesla has sold only 10 percent of the holding. The company did this because we wanted to see if bitcoin investments could be liquidated without causing market volatility.
Tesla Inc. invested $1.5 billion in bitcoin in February 2021. In May, Musk refused to accept payments from bitcoin, saying its mining uses a lot of energy.