[Blockchain Today reporter Jeong Seung-won] Billionaire investor Mark Cuban announced that he would not follow the steps of Tesla CEO Elon Musk, who withdrew support for Bitcoin (BTC) payments.
According to Cointelegraph reports, on the 13th (local time), Mark Cuban tweeted in response to Musk, saying, “Dallas Mavericks will continue to ticket Bitcoin, Ethereum (ETH) and Doge “We will accept it as a payment method for product items.”
Cuban said, “We know that replacing the value of the store of value of gold is beneficial to the environment.” “Reducing large banks and using coins will benefit society and the environment.”
On the 12th, Musk announced a statement that Tesla will no longer accept Bitcoin payments due to the carbon emissions associated with BTC mining. It is possible that Musk’s announcement has triggered a significant market correction, with Bitcoin falling below $50,000 and the overall cryptocurrency market capitalization dropping by more than 10%.
In a follow-up tweet the next morning, Tesla’s CEO reiterated his concerns about the energy of bitcoin mining, and described the trend of energy use as’crazy’.
Bitcoin mining energy consumption continues to be a subject of debate and is a popular topic for BTC critics who often argued that it was “simmering the sea”. However, some Bitcoin supporters have challenged this debate, claiming that miners are the last buyers for renewable energy producers.
Musk’s decision to abandon Tesla’s bitcoin payment is also tied to the company’s carbon credit aspirations. According to a report by Reuters on the 12th, Tesla is one of eight companies currently applying for subsidies to the US Environmental Protection Agency.
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