Elon Musk is known to blow hot and cold about cryptocurrencies in general, as he can never seem to make up his mind and stick with his decision regarding the innovative virtual currency.
He has had an attitude to it that could be described like the weather is often recalled in the UK, as you never know what you are going to get and when you have one outcome, it could be something rather different in the next couple of minutes, let alone days!
Musk had originally said that Tesla would not accept cryptocurrency as a form of payment for their cars back in May, which saw the value of Bitcoin fall. At the time, the company had sighted that there were fears and concerns over the environmental damage that could be caused by the continued mining of Bitcoin, as it uses a high amount of electrical power.
Tesla decided to make that decision just two months after initially stating that they would be accepting the virtual currency, however it would seem that Musk has not ruled it out as a viable payment source in the future. There are a number of Bitcoin casinos available, though, and sites such as Bitcoin-casino.jp can help players find the best one for them to join and use.
Speaking at the B Word cryptocurrency conference, with quotes obtained by the BBC, the Tesla CEO stated: “Most likely answer is that Tesla would resume accepting Bitcoin.”
In doing so, there has been plenty of movement regarding the prices of various cryptocurrencies that are available on the market, with some of the biggest tokens available having seen huge rises immediately after his comments.
For instance, Bitcoin managed to jump past the $30,000 mark once again, and up 6% to $31,952, whilst Ethereum managed to achieve a rise in value of over 10%. With a value of $1,979, the rise in the coin is 10.6%, according to the data that was made available by the Coindesk website.
In addition, Musk went on to make further comments regarding Bitcoin and the mining process, which is perhaps why there was a huge jump in the value of the token once again. He claimed that he had been investigating fossil fuel usage used in the process and outlined what it would take for Tesla to start to accept the coin once again.
“I wanted a little bit 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 towards increasing that number, and if so Tesla would resume accepting Bitcoin,” he is reported to have said by the BBC.
Musk did also reveal that he personally held Bitcoin as well as Ethereum and Dogecoin, but addressed the claims that he helped to artificially increase the prices of the cryptocurrencies before selling them by saying: “I might pump, but I don’t dump… I definitely do not believe in getting the price high and selling… I would like to see Bitcoin succeed.”