Tesla CEO Elon Musk says his electric-vehicle company will start accepting bitcoinB T cPayments After confirmation that miners are using clean energy, it offers a glimmer of hope that the FUD surrounding digital assets may soon subside.
Musk responded to a Cointelegraph tweet on Friday about recent allegations by Signia CEO Magda Wirzyca, who called on the United States Securities and Exchange Commission to investigate the billionaire for allegedly manipulating the price of bitcoin.
this is wrong. Tesla only sold ~10% of its holdings to confirm that BTC can be easily liquidated without a market cap.
Once reasonable (~50%) clean energy use by miners is confirmed with a positive future trend, Tesla will resume allowing bitcoin transactions.
— Elon Musk (@elonmusk) 13 June 2021
According to Virjika, Musk deliberately raised the price of bitcoin To sell only “extreme a substantial portion of your risk”.
“It’s Wrong,” Moscow said In reply. “Tesla sold only ~10% of holdings to confirm that BTC can be easily liquidated without moving [the] Market.”
As Cointelegraph reported, Musk confirmed in April that Tesla had sold a portion of its bitcoin holdings. To prove its liquidity as an alternative to cash.
The Tesla CEO also laid out the conditions for Tesla to start accepting BTC payments once again:
“When reasonable (~50%) clean energy use by miners is confirmed with a positive future trend, Tesla will resume allowing bitcoin transactions.”
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