Musk overturns again, allowing bitcoin payments again

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Tesla CEO Elon Musk has stated that he will allow Tesla cars to pay in Bitcoin again with conditions attached.

On the 13th (local time), he tweeted that he will allow Tesla cars to accept bitcoin payments again if he saves energy in mining bitcoin.

◇ 50% clean energy should be used for Bitcoin mining : Musk specifically suggested that about 50% of Bitcoin mining should use clean energy.

Musk said on the same day that Magda Wierzika, CEO of South African asset management firm Signia, tweeted about a media report that Musk’s latest tweet should be investigated by the US Securities and Exchange Commission (SEC) on allegations of price manipulation.

Wierzica said on a YouTube broadcast that Musk sold bitcoin at a high point, arguing that the SEC should investigate Musk for manipulating prices.

In response to the report, Musk tweeted that Weerzika’s allegations were not true.

He added that Tesla only sold 10% of its Bitcoin holdings and still holds the rest.

He also said that Tesla will allow bitcoin payments again if 50% of bitcoin mining uses clean energy.

Musk Twitter Capture

Musk said on February 8 that he had bought $1.5 billion in bitcoin and would accept bitcoin payments for Tesla cars.

However, on May 12, it was canceled suddenly saying that Bitcoin consumes too much electricity, causing a sharp decline in Bitcoin.

However, on this day, Musk reversed his position again that Bitcoin payments would be accepted if about 50% of clean energy was used to mine Bitcoin.

◇ Bitcoin soaring close to 9% : As news like this spread, Bitcoin is skyrocketing. Bitcoin crossed the $39,000 mark and crossed the $40,000 mark. Other cryptocurrencies are also skyrocketing.

As of 6:10 am (Korean time) on the 14th, Bitcoin recorded $39,142, up 8.85% from 24 hours ago on CoinMarketCap, a global market relay site.

Not only Bitcoin, but other cryptocurrencies are also skyrocketing. Ethereum, the second-largest by market cap, is at $2532, up 5.5% from 24 hours ago. Cardano (Ada) is up 6.38% and Dogecoin is up 4.07%, respectively.

Current major cryptocurrency market conditions at this time – Take a look at CoinMarketCap

At the same time, on Upbit, a Korean trading site, Bitcoin is also trading at 44,763,000 won, up 8.04% from 24 hours ago. Ethereum soared 5.00%, Ada (Cardano) 4.37%, and Dogecoin soared 3.87%, respectively.