Tesla Will Resume Accepting Bitcoin as Payment, Once 50% of Mining Goes Green

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Evening

So it seems Musk have a change of heart...again!!! Few hrs ago Tesla CEO tweeted that the company will resume accepting Bitcoin as mode of payment, once there is a reasonable assurance that most of the bitcoin mining is done in a ecofriendly manner.

“When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing bitcoin transactions.”

Musk was responding to a comment by Magda Wierzycka, CEO of asset manager Sygnia, who said Musk tweets about Bitcoin are market manipulation and should have been investigated by Securities and Exchange Commission.
As per Musk, Tesla sold only 10% of its Bitcoin holdings to confirms the asset could be easily liquidated without manipulating market.

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Last month Tesla stopped using Bitcoin as a mode of payment, citing extensive fossil fuels powered energy used in mining the coin.
Musk has long been whiplashing digital assets by his tweets. Vitalik Buterin said, cryptos will soon become immune to Musk's vacillation. But it seems crypto market still hails Musk tweets, as Bitcoin is already pumping currently at $38,910.

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