TonBillionaire Elon Musk It once again proved its support for Bitcoin and other cryptocurrencies. At the industry conference “The B Word”, the star entrepreneur confirmed on Wednesday that despite environmental problems caused by high power consumption, his electric car manufacturer Tesla is still open to Bitcoin. “Tesla is likely to accept Bitcoin again (as a payment method),” Musk said. His space company SpaceX also owns Bitcoin and has no plans to sell them.
However, Musk emphasized that environmental records are the oldest and most famous Cryptocurrency Must get better. In the case of Bitcoin power generation, it is called “mining”, using complex computer processes, and at least 50% of the electricity consumption should come from renewable energy sources.
Courses rise rapidly based on presentation
Musk did in a meeting with Twitter boss Jack Dorsey Cathie Wood from Ark Invest talked with other famous cryptocurrency fans and made no secret of his sympathy for digital currencies. In addition to Bitcoin, he also holds Ethereum and Dogecoin privately. The recently severely shaken crypto market reacted strongly to Musk’s statement. Bitcoin fell below the $30,000 mark on Tuesday, sometimes soaring to $32,800. Ethereum and Dogecoin, the second largest online currencies, also grew strongly.
For a long time, Musk has been chasing prices up and down the market. In February of this year, he announced that Tesla has invested heavily in Bitcoin and will soon accept Bitcoin payments. Due to environmental issues, he withdrew the latter a few months later, which put a heavy burden on Bitcoin prices. After soaring to a record high of more than $60,000, it sometimes drops below $30,000.
Basically, Musk has always supported cryptocurrency, and it is the same now. “I want to see Bitcoin succeed,” said the Tesla boss. If the price drops, he will also lose money-because he has no intention of separating from Bitcoin.
The discussion with Dorsey and Wood also studied the possible advantages of online currency for general corporate cash management. For example, Tesla must pay negative interest on European bank balances, which drives him “crazy,” Musk said. The money is best placed in Bitcoin.
