Michael Saylor asked Elon Musk why his electric car producer company is not accepting Bitcoin payments, as he promised 3 years ago.
Michael Saylor is chairman & former CEO of Bitcoin bull firm Microstrategy. This Bitcoin bull company has expertise in business intelligence and currently holds a net of 444,262 $BTC in the form of reserve funds. Saylor always remains active on X (formerly Twitter) to talk about Bitcoin & Bitcoin-related achievements that his company is continuously getting with Bitcoin adoption.
On 28 Dec 2024, Michael Saylor tagged Tesla CEO Elon Musk to know why his company had not restarted accepting Bitcoin payments.
Saylor reminded that Elon Musk promised in 2021 that his company would restart accepting Bitcoin payments when 50% of Bitcoin mining operations will run on green or renewable sources of energy.As per the data shared by Saylor, currently, 56.76% of Bitcoin mining operations are dependent on sustainable source energy.
Hey @elonmusk, you once said #Bitcoin could return to Tesla if 50% of its energy came from renewables.Well, $BTC is now 56.76% sustainable, outperforming every other major industry.Will Tesla embrace Bitcoin again? The world is watching. 🌍⚡ pic.twitter.com/zVwlcLD4wy
— Michael Saylor ⚡ Founder of MicroStrategy (Parody) (@Saylorsatsire) December 28, 2024
Elon Musk, Bitcoin investment, & controversy
Personally, Musk holds Bitcoin, Ethereum, & Dogecoin in his portfolio and also suggests people not to buy multiple crypto assets.His company, Tesla, started accepting Bitcoin as a payment method on 24 March 2024, but within 3 months, his company suspended this payment option, citing environmental concerns related to Bitcoin mining.
Later, the Tesla CEO criticised the crypto enthusiasts badly and suggested Musk suspend SpaceX programs, as rockets & spaceships caused huge amounts of pollution, more than the pollution from Bitcoin mining.
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
Now, it will be interesting to see what response will come from Tesla official Elon Musk because he never makes fake promises.
Bitcoin price action
The current trade price of Bitcoin is $95,062 & this price level is 0.5% high over the last 24 hours period.
Current price of #Bitcoin is $95,062 pic.twitter.com/5THK7VurKu
— Bitcoinik (@Bitcoinikdotcom) December 29, 2024
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