Bitcoin Rises As Tesla Is Said To Resume Crypto Transactions. Bitcoin has jumped to over $39,000, ironically after Tesla CEO Elon Musk tweeted to deny accusations of market manipulation with his tweets.
He also said that Tesla will resume accepting the cryptocurrency, once it turns green.
Wierzycka accused Musk of deliberately pumping the price of Bitcoin only to sell “a big part of his exposure at the peak.”
WHAT WE HAVE SEEN WITH BITCOIN IS PRICE MANIPULATION BY ONE VERY POWERFUL AND INFLUENTIAL INDIVIDUAL.
THIS IS INACCURATE. TESLA ONLY SOLD ~10% OF HOLDINGS TO CONFIRM BTC COULD BE LIQUIDATED EASILY WITHOUT MOVING MARKET.
WHEN THERE’S CONFIRMATION OF REASONABLE (~50%) CLEAN ENERGY USAGE BY MINERS WITH POSITIVE FUTURE TREND, TESLA WILL RESUME ALLOWING BITCOIN TRANSACTIONS.
— ELON MUSK (@ELONMUSK) JUNE 13, 2021
Musk also said that when there is a “confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions.”
As a result of the exchange, Bitcoin spiked and was trading at over $39,000 on Monday morning, compared to $35,800 the day before.
Last week, a group claiming to be part of the Anonymous movement called for war with Elon Musk, also accusing him of manipulating cryptocurrencies, among other alleged sins.
Musk, who also founded SpaceX and ranks as the world’s third-richest person with a fortune estimated at $151 billion, attracted much ire recently with his tweets that caused bitcoin prices to tumble.
Just last week, the digital currency dropped more than 6%, after he posted a meme of a couple breaking up below symbols for bitcoin and a broken heart.
Back in February, Tesla revealed it had bought $1.5 billion of bitcoin and was palnning to accept it as a payment for its electric vehicles.
In May, however, Musk made a u-turn, announcing that Tesla will not accept bitcoin, citing “environmental concerns.”