Elon Musk and Bitcoin

Image sourced from CNBC /* custom css */ .tdi_3_960.td-a-rec-img{ text-align: left; }.tdi_3_960.td-a-rec-img img{ margin: 0 auto 0 0; } Elon Musk has revealed that Tesla will no longer accept Bitcoin as a form of payment for vehicles – news that has caused the price of the cryptocurrency to crash as much as 15%. “Tesla has suspended vehicle purchases using Bitcoin,” writes Musk, “We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emission of any fuel.” “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.” Tesla & Bitcoin pic.twitter.com/YSswJmVZhP — Elon Musk (@elonmusk) May 12, 2021 Musk goes on to say that “Tesl...