Elon Musk Makes U-Turn After Bringing Heat to the Cryptocurrency Market, Refuses to Take Bitcoin!


Tesla’s owner and CEO Elon Musk recently announced that he would take the cryptocurrency Bitcoin to purchase his popular electric cars, after which the cryptocurrency market saw a good boom. Bitcoin also saw tremendous growth. Now, the Tesla owner who has the ability to create volatility in the crypto and stock markets with his tweet has made a U-turn. The company announced that Bitcoin will not be accepted as payment for its electric car.

Tesla owner and CEO Elon Musk said on a Thursday Tweet In which he told that the company will not take bitcoin as payment from customers at the time of purchase of Tesla car. The reason behind this move is said to be environmental impact. Let us tell you that the company announced in late March that along with bank cards to buy Tesla cars, the cryptocurrency Bitcoin will also be taken. Surprisingly, Elon Musk withdrew this decision within a few weeks.

However, the tweet suggests that the company may start withdrawing this cryptocurrency in the future and also states that the company has an eye on bitcoin as well as some other cryptocurrencies, which are the energy/power of bitcoin. of transaction

In addition, Elon Musk has also said that the company will not sell its $1.5 billion worth of bitcoins purchased at the beginning of the year. Let us tell you that Tesla sold some of these bitcoins in the first quarter of this year to increase its quarterly profit.

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