Elon Musk’ Tesla may start accepting Bitcoin soon
Reports indicate that the Tesla company may start to accept Bitcoin payments soon, like earlier.
Through the September Quarterly filing with the Securities and Exchange Commission ( SEC), Tesla company expressed their stance on crypto payments.
Through the filing, Tesla expressed that there are huge chances that the company may start to accept crypto payments in future so that the company can resume their crypto payments facilities for their customers.
“may in the future restart the practice of transacting in cryptocurrencies,”
Further, Company revealed their stance on crypto. According to Tesla, the future will rely on the crypto-based payment system.
“We believe in the long term potential of digital assets both as an investment and also as a liquid alternative to cash.”
Tesla suspended Bitcoin payment
From the beginning of 2021, Tesla started to accept Bitcoin payments to allow their customers to buy cars. But later in support of the DogeCoin, Elon Musk claimed that Bitcoin is not a better option for payment. So the company suspended Bitcoin from the payment option.
A few days later, Elon Musk said that DogeCoin is much better over Bitcoin so the company will start to accept DogeCoin payments.
Elon Musk to resume Bitcoin payments with Green Energy
When the Tesla company suspended Bitcoin Payments, almost the whole crypto industry criticized Elon Musk and Elon Musk claimed that Tesla will start accepting Bitcoin payments when 50% of mining operations of Bitcoin will shift to sustainable green energy.
Around 2-3 months back, a report confirmed that more than 50% of Bitcoin mining operations rely on green & sustainable energy.
So all these are clear indications that how much the whole world has the will to push the adoption of Bitcoin with Tesla. And also filling statements of Tesla company indicates that there are huge chances that Tesla company will start accepting it again.