Tesla will most likely restart accepting bitcoin as payments once it conducts due diligence on the amount of renewable energy used to mine the currency, CEO Elon Musk said.
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Tesla’s shares have become less correlated with those of large US technology companies ahead of the electric vehicle maker’s earnings report and bitcoin may be the reason why.
Jeff Bezos is leaving the rest of the world behind when it comes to wealth accumulation, reaching a record $211-billion net worth on Tuesday after Amazon.com shares rose 4.7%.
Bitcoin hit a two-week peak just shy of $40 000 on Monday, after another weekend reacting to tweets from Tesla boss Elon Musk.
Dogecoin may not be the funniest joke of all time, but it’s probably the one with the largest market valuation.
Elon Musk is again tweeting about technology and cryptocurrencies, and this time he’s clear on where his support is at.
The cryptocurrency market nursed its wounds on Friday after a week of pain triggered by a Chinese regulatory warning shot, forced selling and a possible US tax clampdown.
Bitcoin dropped to a three-month low on Monday in the wake of Elon Musk’s hinting over the weekend that Tesla is considering or may have already sold some of its bitcoin holdings.
Having earlier said Tesla would accept bitcoin as payment, Elon Musk this week reversed that position, stating cryptocurrencies’ “promising future cannot come at a great cost to the environment”.
Bitcoin was pinned near its lowest in more than two months on Friday, while dogecoin leapt by a fifth as tweets from Tesla boss Elon Musk sent the two cryptocurrencies on a wild ride.