Due to a few tweets from Musk a few days ago, Bitcoin hit a two-week high and returned to the $40,000 mark on June 14.
Since Tesla announced in February that it would spend $1.5 billion to buy bitcoin, Musk’s speech has caused bitcoin prices to fluctuate back and forth for several months. In the same month, Tesla also confirmed that it would accept Bitcoin as payment. But Musk later regretted it, on the grounds that he was worried that Bitcoin mining would consume a lot of energy and might accelerate climate change.
Musk said in a tweet on June 13 that if miners can use a certain percentage of clean energy, Tesla will re-accept bitcoin payments. After the tweet, Bitcoin rose by more than 9%. Analysts said that another reason for the rise was that the software company MicroStrategy spent $500 million to buy Bitcoin.
Since 2021, the price of Bitcoin has risen by about 1/3, and the current price has fallen from the highest point of $60,000.
Musk is looking for another step: clean energy may reach a certain percentage and then accept Bitcoin to buy cars. Click on the video to see what it is!
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