Salem Radio Network News Wednesday, August 4, 2021

Business

Musk says Tesla will accept bitcoins when miners use reasonable clean energy

(Reuters) – Tesla Inc’s Elon Musk tweeted on Sunday that the company will resume allowing bitcoin transactions when there is confirmation of reasonable clean energy usage by miners.

“Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market,” he said in the tweet https://twitter.com/elonmusk/status/1404132183254523905. “When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions.”

(Reporting by Maria Ponnezhath in Bengaluru; Editing by Lisa Shumaker)

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