Bitcoin value tumbles after Musk suspends its use for payments for Tesla cars
submitted about 5 years ago by Amenorhu
submitted about 5 years ago by Amenorhu
- Tesla CEO Elon Musk announced on Twitter that the company will no longer accept Bitcoin as payment for its electric cars due to environmental concerns related to the energy consumption of Bitcoin mining.
- Musk expressed worry about the increasing use of fossil fuels, particularly coal, in Bitcoin transactions, but he still believes in the potential of cryptocurrency and hopes for a more sustainable future for its use.
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