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All eyes at the Bitcoin Conference were on Elon Musk. The 50-year-old entrepreneur clearly showed a positive attitude towards cryptocurrencies. Thus, he stated that Tesla will also accept Bitcoin as a means of payment again.
In the crypto world, most people were not well disposed towards Elon Musk in recent months. Sudden changes of heart and influencing the market with simple tweets made Musk a rather unpopular figure. At the Bitcoin conference, Musk now provided damage control and showed that he is still convinced of Bitcoin.
Elon Musk: “Tesla will accept Bitcoin again”.
After Tesla accepted Bitcoin as a means of payment in March 2021, the company revised the decision again just two months later. Bitcoin mining, it said, was too power-intensive. It didn’t fit into Tesla’s philosophy — a company trying to become profitable by selling electric cars.
Many in the crypto community couldn’t understand that. That bitcoin mining is energy-intensive was nothing new. Had Elon Musk not dealt with Bitcoin and the other cryptocurrencies in all the months before? Musk never gave a real answer to this. Instead, there were repeated tweets that showed that Musk apparently no longer thinks much of Bitcoin.
