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Tesla will ‘most likely’ restart accepting bitcoin as payments, says Musk

Crypto Currency Tokens As Billionaire Warren Buffett Said That Most Digital Coins Won't Hold Their Value.(Photo: Chris Ratcliffe / Bloomberg)
By Reuters
21 Jul 2021
1

July 21 (Reuters) - Electric-car maker Tesla Inc will most likely restart accepting bitcoin as payments, Chief Executive Officer Elon Musk said at a conference on Wednesday.

Musk’s comments come after Tesla said in May it would stop accepting bitcoin for car purchases.

“Tesla would resume accepting bitcoin, it is most likely” Musk said at the B Word conference, where Square Inc’s Jack Dorsey also took part.

Musk said he personally owned bitcoin, ethereum and dogecoin, apart from bitcoin that Tesla and SpaceX owned.

Bitcoin was up 8% at $32,160.16, while ether surged 11.6% to $1,993.36. (Reporting by Noor Zainab Hussain and Nivedita Balu in Bengaluru; Editing by Shounak Dasgupta)

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Comments - Please in order to comment.

  • Neil Harvey says:
    22 July 2021 at 09:50

    Elon should enable his Teslas to mine Bitcoins round the clock, or at least during down time. I’m sure each vehicle has the necessary processing power.

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