Musk anticipates Tesla to resume accepting bitcoin at 'B-Word' conference
Musk said It looks like bitcoin is shifting a lot more toward renewables
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Published - Jul 21, 2021, 10:59 PM ET
Last Updated - May 09, 2024, 12:16 PM EDT
By Ishika Dangayach, 5:00 PM ET
Tesla Inc's (TSLA) Chief Executive Officer Elon Musk said at a conference on Wednesday that the company will most likely resume accepting bitcoin as payment.
“It looks like bitcoin is shifting a lot more toward renewables and a bunch of the heavy-duty coal plants that were being used...have been shut down, especially in China,” said Elon Musk on Wednesday at The B-Word conference, an event hosted by the Crypto Council for Innovation.
“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,” he said.
