Elon Musk says he wants to ensure bitcoin mining uses more renewable energy before the electric-vehicle maker resumes accepting the cryptocurrency
Tesla Inc. Chief Executive Elon Musk said Wednesday that he and his rocket company, SpaceX, hold bitcoin, a cryptocurrency he generally supports despite having concerns aboutTesla disclosed a $1.5 billion investment in bitcoin in February and soon after began accepting the cryptocurrency as payment for its vehicles. The company quickly reversed course, however, suspending that initiative in May asMr. Musk’s comments about bitcoin, at times causing sharp swings in the cryptocurrency’s value. Mr.
“I might pump, but I don’t dump,” he said on a panel about bitcoin. “I definitely do not believe in getting the price high and selling or anything like that.”To Read the Full Story
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