Elon Musk and the BTC turnaround!

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"When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions."

 

 
In February, the Tesla founder bought bitcoins worth one and a half billion dollars. In March, he introduced the possibility of buying Tesla in bitcoin, making the value of the cryptocurrency rise significantly. By the end of the year, Tesla was expected to allow all customers in the world to send payments through the wallet in Bitcoin, to cover the total price of the chosen vehicle.

 

On May 13, Musk changed his mind and sank the prices of the crypto-universe with the announcement, also via Twitter, of Tesla's decision to no longer accept payments in Bitcoin. "Tesla has suspended the purchase of vehicles that occurs through the use of Bitcoin," the tweet read, "We are concerned about the growing use of fossil fuels in mining and transactions (cryptocurrency), especially coal. , which causes the worst emission than any other fuel. Cryptocurrency is a good idea in many ways and we believe it has a promising future, but this cannot come at a great cost to the environment. Tesla will not sell any Bitcoin and intends to use it as there is a transition of mining to a more sustainable form of energy. We are also looking at other cryptocurrencies that use less than 1% of the energy of Bitcoin "
Tesla CEO Elon Musk therefore revised his position again on June 13th with yet another tweet.

 

What do you think about Elon Musk and the correlation between him and the crypto-market?

 

      

Regulation and Society adoption

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