At one point on Thursday, 1 bitcoin was worth $ 48,000, 15 percent less than the day before.
Later, the price went up again, to a level that was 8 percent lower than on Wednesday.
The reason was Tesla’s decision that the company will no longer accept bitcoin as payment. The turnaround came just a few months after Tesla decided to accept bitcoin.
Tesla CEO Elon Musk justified the turnaround operation with consideration for the environment. The Bitcoin system requires large amounts of energy, which leads to increased climate emissions.
“We are concerned about the rapidly increasing use of fossil fuels for Bitcoin extraction and transactions, especially coal power, which has the worst emissions of all fuels,” Musk wrote on Twitter on Wednesday.
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