Elon Musk says Bitcoin may have already hit his benchmark on renewable energy

Cointelegraph

Published Jul 21, 2021 03:59PM ET

Updated Jul 21, 2021 05:40PM ET

Tesla (NASDAQ:TSLA) CEO Elon Musk has hinted that the crypto industry is on its way toward greener future, but Tesla won’t be accepting Bitcoin payments just yet.

Speaking at "The ₿ Word" — a virtual Bitcoin (BTC) event with Twitter CEO Jack Dorsey, Ark Invest’s Cathie Wood and moderator Steve Lee from Square Crypto — Musk said that Tesla would “most likely” consider resuming crypto payments for its vehicles — a policy the CEO said the company would be stopping in May — but said he needed to exercise diligence before making a decision.

Screenshot from The ₿ Word

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