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Elon Musk / Cryptocurrency

Elon Musk

Elon Musk

Cryptocurrency

# Pro Cryptocurrency
# Climate Change Activist
12 May 2021

In a tweet, Elon Musk said

Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel. Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment. Tesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy. We are also looking at other cryptocurrencies that use <1% of Bitcoin’s energy/transaction.
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This user contribution was reformatted and added to the record of Elon Musk's views on 14 Jun 2022.