BTC: $51,027.99 (-10.76%) Elon Musk Announces Tesla Has Susp | Best Crypto Traders Official

BTC: $51,027.99 (-10.76%)

Elon Musk Announces Tesla Has Suspended Accepting Bitcoin Citing Environmental Issues

Tesla has suspended accepting bitcoin for vehicle purchases, CEO Elon Musk has announced. The company cited concerns:

“Tesla has suspended vehicle purchases using bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel”

The notice continues:

“Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the Environment. Tesla will not be selling any bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy. We are also looking at other cryptocurrencies that use less than 1% of Bitcoin’s energy/transaction.”

Meanwhile, Musk put a poll on Twitter Monday asking his followers if Tesla should accept dogecoin. 78.2% said yes.