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26 July 2021

Elon Musk Confirms Tesla Will Re-Accept Bitcoin | Crypto Briefing

Elon Musk Confirms Tesla Will Re-Accept Bitcoin | Crypto Briefing


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Tesla and SpaceX CEO Elon Musk made an appearance at “The B Word,” a virtual Bitcoin conference that took place today.

Musk stated that Tesla will begin to accept Bitcoin once again and reiterated his renewable energy goals for the industry.

“I want to do a little more due diligence to confirm that the percentage of renewable energy usage [that is used in Bitcoin mining] is most likely at or above 50%,” Musk stated during the conference.

He noted that the Bitcoin mining industry is “shifting a lot more toward renewables” and added that some of the largest coal-powered Bitcoin miners have been shut down in China.

He added that he is primarily invested in Bitcoin, with his BTC holdings worth much more than his ETH and DOGE.

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