Tesla likely to start accepting bitcoin again

Team Luno
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Tesla CEO Elon Musk has said bitcoin is looking more environmentally friendly and Tesla could soon accept bitcoin once again.


Earlier in May, Musk said his electric vehicle company would no longer be accepting payments made in bitcoin due to climate concerns. At The B-Word conference, an event hosted by the Crypto Council for Innovation, Musk acknowledged that things had changed since he made the decision:


“It looks like bitcoin is shifting a lot more toward renewables. I want to do a little more due diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend toward increasing that number. If so, Tesla will most likely resume accepting bitcoin.”


Musk also used the conference to share details on his own crypto habits, stating that he personally owned bitcoin, Ethereum, and dogecoin.


"I might pump, but I don't dump," Musk said. "I definitely do not believe in getting the price high and selling ... I would like to see bitcoin succeed."


Any bets on what Musk’s next tweet will be?

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Team Luno

On our way to the moon, we write about all things crypto. And don’t forget we’re humans too. Our blog conveys the views of Luno and the many unique opinions and characters within our team. We’ll never provide you with financial advice, and we urge you to conduct your own research before purchasing or trading any cryptocurrencies. It’s a brave new world out there, and the market can be volatile at times, so never trade with funds you can’t afford to lose. Want to let us know how much you love our blog? Tweet us @LunoGlobal.

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