In a significant development, the Bitcoin network has achieved a major milestone, with its clean energy utilization rate surpassing 50%, according to data from Watcher.Guru. This achievement is expected to have implications for the market, particularly with regards to Tesla’s acceptance of Bitcoin payments.
Background on Tesla’s Bitcoin Payment Policy
In June 2021, Elon Musk announced that Tesla would resume accepting Bitcoin payments once the clean energy utilization rate of Bitcoin mining exceeded 50%. With this threshold now met, market observers are eagerly awaiting Musk’s next move.
Market Expectations
The market is watching closely to see if Musk will fulfill his promise to resume accepting Bitcoin payments at Tesla. This development could have significant implications for the adoption of Bitcoin as a payment method.
Note
This article is for informational purposes only and does not constitute investment advice.
Source: Panewslab.com
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