Elon Musk told his firm, Tesla will re -accept Bitcoin (BTC) as a payment medium if miners use 50% clean energy.
The statement was uploaded as a reply tweet to Cointelegraph news media: ‘If it can be ensured that 50% of clean energy is used by miners with a positive trend, Tesla will return to allow Bitcoin transactions.’
Subsequently, the price of Bitcoin jumped more than 14% from a daily low of $ 34,743 on June 13 to a high at the time of this writing, $ 39,776.
Cointelegraph has reported a statement made by the executive officer of financial services firm Sygnia, Magda Wierzycka who criticized Musk for deliberately pumping and dumping the Bitcoin market.
However, Musk refuted Mierzycka’s allegations by explaining the sale of around 10% of Bitcoin assets in no way affected the crypto market before making the statement.
It can be said that since the announcement on May 13, the crypto community has been ‘serik’ with Musk’s game which on average agrees that the individual seems to be ‘deliberately’ manipulating the market.
Yet Musk still showed his determination to support payments using BTC when he has worked on the use of renewable energy sources by creating the Bitcoin Mining Council.
The Bitcoin Mining Council is officially under the supervision of MicroStrategy CEO, Michael Saylor.
