On May 13, Tesla CEO Elon Musk said on Twitter that Tesla has suspended the use of bitcoin to buy cars due to concerns about the burden on the environment caused by the large amount of energy required for bitcoin mining Other cryptocurrencies are also used for computing power mining, such as ETH, which is also a kind of energy consumption. For BTC mining, renewable energy is now used for mining and the protection of environmental pollution has been greatly improved. We all know that Mr Masquerque is a big spender, but why has he become cheap
Elon musk is a multimillionaire and I know for a fact that he does not care about the environment or whatsoever as long as it is beneficial to him. He has incorporated NFTs on his brand Tesla and we all know that NFTs are extremely harmful to the environment.
It may be that the recent news of BTC has been touched by the recent activity of Tesla CEO Elon Musk (Elon Musk), which once again triggered fluctuations in the value of bitcoin. He recently tweeted that Tesla may resume accepting Bitcoin as a payment method
It’s one step closer to wide adoption of bitcoin but it does not affect the price of bitcoin directly. Not everyone has a Tesla nor will everyone be interested in buying one so why should people care whether they can purchase or not a Tesla with bitcoin? Even if I can’t afford a Tesla yet, I will continue to hold on to my bitcoin thank you very much.