Prices of the world’s No. 1 crypto on Sunday were trading sharply higher, as digital-asset bull Elon Musk said Tesla would resume allowing transactions at the vehicle-maker’s stores when key members of bitcoin infrastructure can confirm that 50% of the energy used to mine for bitcoin is derived from clean energy sources.
iframe.twitter-tweet { width: 100% !important; } Musk has become a prominent and influential crypto voice, whose tweet in May, saying that Tesla would no longer accept bitcoin as payment for its vehicles, citing the large carbon footprint of digitally mining for bitcoin BTCUSD, +1.33%, was blamed for sparking a selloff in crypto. Musk’s comments on the sustainability of bitcoin mining activities continues to resonate in the crypto community.
A number of Musk’s recent tweets also have sparked in the crypto community a mix of ebullience, confusion, apprehension and, at times, dread. Earlier this month, investors attempted to parse an enigmatic tweet from the SpaceX that included a bitcoin symbol and a broken-heart emojii. At last check Sunday afternoon, bitcoin prices were up nearly 8%, changing hands at $38,808.09 on CoinDesk. Bitcoin has gained over 28% in the year to date but is about 40% down from its mid April peak at $64,829.14. The world’s No. 2 crypto, Ether ETHUSD, +0.01% on the Ethereum blockchain, was up nearly 5%, changing hands at $2,521.81.
he probably buying more bitcoins,,,after then he will announce 'it is 50% now'...
Money is the root of all ********s. The rich, the poor, the lost all fight for it. It's an endless war. Good luck!