Bitcoin Price: Elon Musk sparks new surge as Tesla updates BTC payment timeline

 86 total views

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

Bitcoin Price: Elon Musk sparks new surge as Tesla updates BTC payment timeline

By CRYPTO GLOBAL NEWS

BITCOIN price surged after Elon Musk’s latest tweet concerning the world’s most popular cryptocurrency.

The multi-billionaire today tweeted an update about the future of Tesla and whether or not it would accept payments using the virtual currency again. Mr Musk said Tesla will begin accepting payment using Bitcoin when cryptocurrency mining becomes less environmentally damaging.

He said: “When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing bitcoin transactions.”

Shortly after the Tesla CEO’s comments, Bitcoin’s price jumped up more than $3,000 in a few short hours.

The price had been hovering around $35,000 before Mr Musk’s tweet, but within 30 minutes began surging.

After around three hours, Bitcoin hit a peak of $39,360, according to data from CoinDesk.

Bitcoin Price surge

Bitcoin Price surges after Elon Musk states Tesla will resume BTC payments

Most Bitcoin mining is conducted in China where large amounts of coal are used to fuel the process.

Research into how much renewable energy powers Bitcoin mining is not conclusive.

One study found Bitcoin networks are powered by around 40 percent renewable energy.

However, another found that figure to be over 70 percent due to Hydroelectric generators in Southwest China.

Bitcoin price

Bitcoin’s price surged over $3,000 following the tweet

In February, Tesla announced it had purchased around $1.5 billion worth of Bitcoin.

To test the market’s liquidity, Mr Musk and Zach Kirkhorn, Tesla’s Chief Financial Officer, sold 10 percent of their Bitcoin holdings and made a profit of more than $100 million.

In a twitter post back in March, Mr Musk reversed his decision to allow Tesla vehicle purchasing using Bitcoin.

He said: “We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.

Tesla to resume Bitcoin payments

Elon Musk gives update on when Tesla will resume Bitcoin payments

Tesla suspended BTC payments back in March

Tesla announced it would suspend Bitcoin payments back in March

“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.”


Here’s what others had to say:

Dwwills
Right lads, I’m going to slate bit coin, get ready to buy……right lads ingoing to praise bitcoin, get ready to sell….


SimonSezz
The media including DE are spreading disinformation about Bitcoin and Musks influence once again.
16:45 Bitcoin price trends upwards and continues until around 22:15 when it levels off.
Elon Musk tweets at 18:21
So Elon Musk had nothing to do with the trend whatsoever.


DirtBoxDen
thought anonymous were going to take this plank down last week


TheSkipper
Musk isn’t rich enough. He’s playing the crypto market to steal your money. He is one of the most disgusting rich people on the planet.

 87 total views

*Note We Deliberately Miss Spell Some Words or Add Capital Letters To Get Around Big Tech Censoring.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

Donate Now to Truthcoin Which Enables Truthbook .Social To Grow a Censor Free Social Media Platform, $1000 Donation Turns Into $7500

Truthbook.social offering hundreds of thousands in giveaways for those joining its new social media platform as many desert Facebook in droves because of censoring

Here is some of the current incentives being offered to new users

Subscribe for free to our ANR news emails and access 2 free ebooks plus Reports to share with family and friends about Covid fraud and the danger of the vaccines.

For ANR Smaller Donors please donate below to help fund our critical not for profit work. Together we can defeat mainstream media.

We are a not for profit Independent Media Company which survives off donations, even as little as $5 per month . Please donate now to help fund our work

Truthcoin Offer

$1000 USD turns into Now $7500 Truthcoin
$2,500 USD turns into Now $25,000 Truthcoin
$5000 USD turns into Now $65,000 Truthcoin
$10,000 USD turns into Now $150,000 Truthcoin
$15,000 USD turns into Now $250,000 Truthcoin
$50,000 USD turns into Now $1.15 Million Truthcoin
$100,000 USD turns into Now $2.5 Million Truthcoin

Leave a Reply

Your email address will not be published. Required fields are marked *

McIntyre Report
Political Talk Show

We are a not for profit Independent Media Company which survives off donations, even as little as $5 per month . Please donate now to help fund our work

Kylie Bartlett show

Craig Schulze Show

WHY WE NEED TO START SAYING NO TO GAIN OUR SELF RESPECT

Play Video

Raw Report

Ryan Jackson Saw show

Hero Nurse Exposes Government Policies Leading to Elder Abuse

ANR Conversations With Wayne Crouch and Lisa Johnston With Special Guest Simeon Boikov A.K.A the Aussie Cossack

Top 10 Crypto

in USD

in AUD

in GBP

in CAD

Jamie McIntyre

Truthbook.Social

Currency Exchange Rates in AUD

Live and updated every minute of the day

Current Price of Bitcoin 2.0
0.19 on Coinsbit

Nurses Speak Out

ANR Meme Report

with Nadine Roberts

Episode 002

21st Century Political System

Play Video

Editor's Pick

Enter email to receive ANR News articles, 2 free e-books, plus the Global Health Organisation Report

Download the Full PDF - THE COVID-19 FRAUD & WAR ON HUMANITY