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What did Elon Musk’s tweet say about Bitcoin?

ELON Musk made an announcement about Tesla purchasing with Bitcoin on May 12, 2021.

The business magnate and industrial engineer released a statement on Twitter.

Elon Musk said Tesla will no longer accept Bitcoins as a form of payment for the car
Getty

What did Elon Musk’s tweet say about Bitcoin?

On May 12, 2021, Elon Musk suspended the purchase of any Tesla vehicle using Bitcoin.

In a Twitter statement, he wrote:

“Tesla has suspended vehicle purchases using Bitcoin. We are concerned about the rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel. “

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“Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment.”

“Telsa will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy. We are also looking at other cryptocurrencies that use less than 1% of Bitcoin’s energy/transaction.”

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