Elon Musk Considers Linking Bitcoin to Tesla Again

Sooner or later, Tesla will probably accept Bitcoin again, according to Elon Musk.

This statement had a positive effect on the price of the most famous crypto currency. Bitcoin was still dangling around $30,000 earlier this week. After the ruling, the coin rose in value by several thousand dollars. The crypto landscape looks mostly green at the moment.

At the beginning of this year, Tesla officially accepted Bitcoin as a payment method. That came to an end in the spring. Elon Musk withdrew and did not consider it responsible to link Bitcoin as a means of payment to Tesla in connection with the environment. Bitcoin mining costs a lot of electricity and that is at odds with the green message of a brand like Tesla.

However, during the B Word cryptocurrency conference, Elon Musk revealed that Tesla will most likely accept Bitcoin again. Musk says he has researched the use of fossil fuels that would be needed for Bitcoin mining. If 50 percent or more can be mined with renewable energy, Bitcoin will return as a means of payment at Tesla, according to Musk.

As mentioned, the statements had a positive effect on Bitcoin, but also other cryptocurrency such as Ethereum. It now seems a matter of waiting before Bitcoin reappears as a means of payment at the American car manufacturer.