Will Elon Musk keep what he said or not? - page 4.

If you remember, in 2021, this was one of the reasons why BTC rallied when Tesla accepted Bitcoin for payment. But this is also the reason why the price of Bitcoin fell in the market when they also removed it as a payment method. And the reason for Tesla at that time was that Bitcoin mining was not environmentally friendly.

But now, because of this article from 5 days ago, over 50% of the energy used for Bitcoin mining now comes from renewable sources. Because Elon Musk mentioned in 2021 that they will only accept bitcoin for payment again "once miners were using roughly 50% energy sources" with a positive future trend.

That said, Bloomberg analyst Jamie Coutts, CMT,

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Over 50% is said to be the energy source used in Bitcoin mining, which means this is positive news for bitcoin. Because if Elon Musk fulfills his promise that Tesla will accept Bitcoin again for payment, there is a very high chance that the price value of Bitcoin will rally due to the strength of Elon Musk's influence in an industry like this. Is that the type of tweet that is positive for Bitcoin? Even if it's just a short post, it has a big impact on the market, and he has seen and proven that in Dogecoin and Shiba Inu before.
So let's just watch out for Elon's tweets so we can track the trend.

Topic: Will Elon Musk keep what he said or not? - page 4. (Read 439 times)