Tesla will accept Bitcoin payment on one condition

We said it yesterday after the comments from Twitter CEO Jack Dorsey about Bitcoin and world peace. It is waiting for Elon Musk, who will now also shout something and thereby give the crypto market a pendulum.

And yes, Elon Musk has announced that his company Tesla will most likely accept Bitcoin again as a means of payment for the electric models.

Tesla has been accepting Bitcoin as a means of payment since March this year, after the automaker itself invested $1.5 billion in the digital currency. In May, Elon Musk shut down the service again amid concerns about the crypto currency’s impact on the environment.

If Bitcoin becomes greener, Tesla will go into business

In this article we already examined what the actual emissions of Bitcoin are. Conclusion: there is no denying that Bitcoin is better for the environment than a cashless payment system. In addition, the crypto market is easier to green than the entire current banking system.

“Tesla’s mission is to accelerate the arrival of renewable energy. We can’t be the company to propagate this without worrying about Bitcoin’s power consumption” – Elon Musk

Elon Musk told during the webinar The B World that if 50 percent or more of the Bitcoin system runs on renewable energy, the digital currency will return as a means of payment at Tesla.

‘I might pump, but I don’t dump’

In the crypto world, pump and dump a well-known concept. A group of people then tries to make money from a coin by hyped a cryptocurrency on social media. If many people buy the coin and the value rises, the ‘hypers’ sell the coin and make a profit. The rest of the buyers are left with a loss.

Tesla and Elon Musk don’t sell Bitcoins

Also at Elon Musk we see that his tweets and purchases have a lot of influence on the market. Yet he does not participate in the madness of buying and selling. “I would like to see Bitcoin succeed,” said the Tesla boss, who emphasizes that he does not sell his coins.