Bitcoin up 11% after Musk says Tesla will accept it when miners use more clean energy

Bitcoin up 11% after Musk says Tesla will accept it when miners use more clean energy
# 14 June 2021 09:51 (UTC +04:00)

SpaceX/Tesla founder and CEO Elon Musk says Tesla Inc. will resume bitcoin cryptocurrency transactions when mining is done with more clean energy, APA reports citing Sputnik.

"When there's confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions", Musk said on Twitter on Sunday.

According to Coindesk data, Bitcoin surged more than 11 percent after the Twitter post, up to over $39,000 on Sunday night.

This is not the first time the billionaire has made a statement causing turmoil on the cryptocurrency market.

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