Cryptocurrency Elon Musk says Tesla may resume accepting Bitcoin check details varpat– News18 Hindi

New Delhi. Tesla CEO Elon Musk said bitcoin mining is “moving toward renewable energy” and that his company may resume accepting cryptocurrencies as payment for its electric cars. Let us tell you that this news may have given relief to bitcoin investors because in May, Elon Musk banned Tesla’s purchase from bitcoin, expressing concern about the use of fossil fuel in crypto mining, Due to which there has been a huge decline in digital currency. “We can’t say in crypto mining that the power generation is pure as ice, but the power generation is as pure as ice,” Musk said at “The B Word” conference organized by the Cryptocurrency Council for Innovation. It can’t use the dirtiest coal in the world.”

Know what Elon Musk says?
Hydropower, geothermal and nuclear are all good energy sources for bitcoin mining. Musk said Tesla will start accepting cryptocurrencies again once he confirms that mining uses 50% or more renewable energy. Musk further says that I can pump, but I do not dump. Outside of Musk Tesla and SpaceX stocks, this is my largest holding. Musk said if the price of bitcoin falls, I lose money. I definitely don’t believe in getting high prices and sales or anything like that. I want to see bitcoin succeed.

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Cryptocurrency boom
Musk also clarified that he has “far more” bitcoin than Dogecoin or Ether. Elon Musk also said, “I’m not selling any bitcoin, neither SpaceX or Tesla. All is on hold.” Since this news, bitcoin has risen by more than 8% to about $32,270 as of 12.00 last night. Other cryptos ran fast, including Ether and Dogecoin.

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Twitter CEO also supports bitcoin
Jack Dorsey, CEO of Twitter Inc. and Square Inc., and Cathy Wood, head of Arc Investment Management, also spoke about digital currency. During this, Dorsey said that bitcoin is encouraging innovation in the energy sector. At the same time, Wood said that I believe that bitcoin will be more environmentally friendly. In the financial sector, it will prove to be better in many ways.

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