Elon Musk Wants ‘Bitcoin to Succeed’: Tesla to Resume Cryptocurrency Payments If…

Tesla is gearing up to start bringing in Bitcoin as a mode of payment again. This is most likely the path that the electric-car maker is taking, but not before the company does some due diligence on the amount of renewable energy used to mine the crypto asset. This was as per a statement issued by Tesla CEO, Elon Musk at an event on Wednesday. This comes just around two months after the tech titan said the company would not be accepting Bitcoin for its car purchases. Musk made the announcement at the Bitcoin conference called, ‘The B Word’. He said, “I wanted a little bit more due diligence to confirm that the percentage of renewable energy usage is most likely at or above 50 per cent, and that there is a trend towards increasing that number, and if so, Tesla would resume accepting bitcoin.”

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