Tesla cloud let Bitcoin payments back into it’s transactions, this is what Muck said in his new tweet! It seems he won’t stop tweeting about Bitcoin. After he got some threats by hackers after all! Tesla CEO Elon Musk, tweeted that the e-car company will restart Bitcoin payments when the cryptocurrency’s clean energy utilization gets to the 50 percent threshold.
When we have the confirmation of sensible (~50%) clean energy utilization by miners with affirmative future trend. Tesla will restart letting Bitcoin transactions.
Moreover, Musk declined pumping and dumping Bitcoin. He talked about the allegations that Sygnia CEO Magda Wierzycka made as “inaccurate.”
Tesla’s Bitcoin Holdings
Musk once again confirmed that Tesla only sold 10 percent of its holdings. They did that in order to test the cryptocurrency’s liquidity without moving its price. As you can see, they moved the price of cryptocurrency’s price a lot! Especially Bitcoin.
As stated by Ark Investments, over 70 percent of Bitcoin miners are powered by renewable energy by now.
In its most simple form, liquidity is about how simple it is to convert cryptocurrency into cash fast. And also as if this can be obtained without the asset’s value affliction. A cryptocurrency that is liquid usually trades around its market price.
This news maybe cloud help Bitcoin’s price in the market. And in addition it could help the whole market. At time of this writing, Bitcoin’s price is 39,209.20$. So, it seems the market is promising after days of low trades in the market. With bitcoin and other cryptocurrencies. Musk’s actions on social media about cryptocurrencies usually make prices soaring or plummeting.
Bitcoin future is promising. After are it is the big boy in the whole crypto market. Once before, Musk made Bitcoin price goes up, when he announced that Tesla will accept this coin. Then he took it down, when he tweeted that they stopped accepting Bitcoin in their transactions. And, now they are opened to the option again.