For Elon Musk, the Tesla company may again unlock Bitcoin (BTC) payments in the future. But for this, the billionaire believes that the payment network must make progress in terms of ecology. What are its criteria?
Elon Musk took to Twitter about mining, responding to a critical article posted by our colleagues at CoinTelegraph. Sygnia CEO Magda Wierzycka explained that she considered the billionaire’s communications to be price manipulation, especially when Tesla decided to sell part of its Bitcoin holdings at the end of April. .
Musk countered by explaining that this sale was made only to prove the liquidity of the Bitcoin network, and that Tesla intends to continue to view cryptocurrency as a means of payment:
Did you see?
Elon Musk is catching flak again, but what's it for this time? Sygnia CEO Magda Wierzycka lambasted him saying “What we have seen with Bitcoin is price manipulation by one very powerful and influential individual." https://t.co/W5WYgGnKPR
— Cointelegraph (@Cointelegraph) June 13, 2021
This is inaccurate. Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market.
When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions.
— Elon Musk (@elonmusk) June 13, 2021