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Thursday July 22, 2021

Elon Musk renews his support for dealing with cryptocurrencies

Tesla CEO Elon Musk has once again expressed his support for dealing with cryptocurrencies such as Bitcoin.
And Musk reiterated during the activities of the industry conference, which was held on Wednesday under the title “The Be Word”, that “Tesla” is still open to dealing in the currency of Bitcoin despite environmental concerns about the rise in energy consumption.

In the future, Musk added, Tesla will likely accept bitcoin as a payment method. He noted that his company, SpaceX, owns bitcoins and has no plans to sell them.

However, Musk once again stressed that Bitcoin’s ecological footprint must improve.

Musk concluded his remarks by emphasizing that at least 50% of the electrical energy used in the Bitcoin mining process should come from renewable resources.

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