Electric car maker Tesla refused to accept the Bitcoin currency. After which the price of bitcoin went down. Tesla has suspended purchases of vehicles using Bitcoin. Tesla cars are inspired by modern design, innovative technology and high performance that make cars a favorite “green power”. Besides the high demand, other reasons for the high price of Tesla cars are the high cost of electric batteries offered by motor vehicles. We are concerned about the increasing use of fossil fuels for mining and Bitcoin transactions, especially coal, which has the worst emissions of all fuels. Cryptocurrency is a good idea on many levels and we believe it has a good future, but it may not have an environmental cost. Tesla will not sell any Bitcoin and we plan to use it for transactions once mining switches to more sustainable energy. We are also looking at other cryptocurrencies that use <1% of Bitcoin’s energy / transactions.
Elon Musk, CEO of SpaceX and Tesla, a company that launches commercial space flights, made the announcement on his Twitter account. “Due to environmental concerns, we have stopped accepting bitcoin for payments and now consumers cannot buy Tesla with the help of bitcoins,” he tweeted
"Bitcoin" invisible coin
Bitcoin's price fell more than 10% after Elon Musk's tweet, while Tesla's stock price also fell. Tesla announced in March of this year, despite opposition from some environmentalists and investors, that Tesla's cars could now be purchased using bitcoins.
Barely a month earlier, Tesla revealed that it had bought 1.5 billion bitcoins. However, after Elon Musk's tweet, Tesla returned to his degree.
"We are concerned about the increasing use of conventional fuels (fossil fuels), particularly coal, in bitcoin mining and transactions," Elon Musk wrote in a tweet. “A corrupt currency is a good idea, but it cannot be caused by environmental damage.
“Tesla will not sell its bitcoin, and we intend to use it until its mining shifts to more sustainable energy,”