From RT.com….
Tesla CEO Elon Musk has announced he will stop taking bitcoin for vehicle purchases or selling the cryptocurrency until mining procedures transition to “more sustainable energy” than coal or fossil fuels.
“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,” Musk tweeted on Wednesday evening.
Tesla & Bitcoin pic.twitter.com/YSswJmVZhP
— Elon Musk (@elonmusk) May 12, 2021
Tesla doesn’t intend to sell any of the bitcoin it currently holds, however, but will hold on to it until “mining transitions to more sustainable energy,” and is looking at other cryptocurrencies that use “<1% of bitcoin's energy/transaction.”
