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Elon Musk says Tesla will accept Bitcoin again as it becomes more energy efficient

Tesla CEO Elon Musk said the company will resume taking Bitcoin once he can confirm miners are more energy efficient.

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

Tesla purchased $1.5 billion in Bitcoin. Musk had opened Bitcoin transactions until they discovered that the energy being used to mine Bitcoin was astronomical.

“We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” Musk said in May.

 

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Ruben Jay
Ruben Jay
Ruben Jay is an American broadcaster, media blogger, and podcast host. Currently, Ruben is the President of MultiMediaMouth.com and the executive producer and host of the popular podcasts You’re My Best Friend and ON AIR with Ruben Jay, exclusively on MultiMediaMouth.com. Follow Ruben on Instagram, Twitter, and Tiktok @TheRubenJay.

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