Musk: Tesla is “Probably” Re-Accepting Bitcoin Payments

On Wednesday, electric car manufacturer Tesla CEO Elon Musk said at a meeting that Tesla is likely to accept Bitcoin payments again.

Before Musk’s remarks, Tesla said in May that it would stop accepting Bitcoin to buy cars.

At the “The B Word” conference hosted by the Crypto Innovation Committee, Musk discussed the prospects of this cryptocurrency with other Bitcoin supporters such as Ark Investment Management Director Cathie Wood and Twitter CEO Jack Dorsey.

Musk said that in addition to the Bitcoin owned by Tesla and SpaceX, he personally owns Bitcoin, Ethereum and Dogecoin.

“I want to see Bitcoin succeed,” Musk said, “If the price of Bitcoin drops, I will lose money.”

Musk said that once the burden of Bitcoin mining on the environment is reduced, Tesla is likely to resume accepting Bitcoin purchases.

“It looks like Bitcoin is shifting more to renewable energy,” Musk said. “I want to wait until it is confirmed that the percentage of renewable energy used reaches or exceeds 50%.”

As of press time, Bitcoin has risen 8% to US$32,160.16, and Ethereum has risen 11.6% to US$1993.36.