People are eagerly waiting for the arrival of Tesla in India, but Tesla remains in the discussion not only about its entry into India but also due to many other reasons. The reason we're talking about Tesla today is a post shared by CEO Elon Musk. Musk pointed out that you can also pay in bitcoin to buy Tesla cars. That is, you can use bitcoin to buy Tesla vehicles instead of an amount.
Elon Musk previously held this opinion on bitcoin: Tesla announced in February that it would accept bitcoin as a method of payment for its electric cars, but Musk had to back the decision. This is because bitcoins are created by powerful computers, which have to solve complex equations and consume a lot of electricity in the process.
After which there was a significant drop in the price of BitCoin. Elon Musk wrote in a tweet, “We are concerned about the rapidly increasing use of fossil fuels for bitcoin mining and transactions, this especially includes coal. Which has the worst emissions of any other fuel. "
The jump in the price of bitcoin: Although now that Musk has talked about accepting bitcoin, he said that this is possible only if the people mining it start using renewable energy. If bitcoin miners use clean energy, Tesla will allow car purchases with bitcoin. After the tweet by Musk, the price of bitcoin increased by more than $1800 compared to the previous day. Bitcoin rose 5.1% to $37,360.63 on Sunday following Musk's tweet. Which was $ 1,817.87 higher than the previous day.