Bitcoin
Bitcoin (BTC)
$59,639.00 3.05343
Bitcoin price
Ethereum
Ethereum (ETH)
$3,195.48 2.0796
Ethereum price
BNB
BNB (BNB)
$534.85 0.25107
BNB price
Solana
Solana (SOL)
$143.18 3.03228
Solana price
XRP
XRP (XRP)
$0.5264820 10.60468
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000173 5.48151
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000089 2.21055
Pepe price
Bonk
Bonk (BONK)
$0.0000231 3.27707
Bonk price
Bitcoin
Bitcoin (BTC)
$59,639.00 3.05343
Bitcoin price
Ethereum
Ethereum (ETH)
$3,195.48 2.0796
Ethereum price
BNB
BNB (BNB)
$534.85 0.25107
BNB price
Solana
Solana (SOL)
$143.18 3.03228
Solana price
XRP
XRP (XRP)
$0.5264820 10.60468
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000173 5.48151
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000089 2.21055
Pepe price
Bonk
Bonk (BONK)
$0.0000231 3.27707
Bonk price
Bitcoin
Bitcoin (BTC)
$59,639.00 3.05343
Bitcoin price
Ethereum
Ethereum (ETH)
$3,195.48 2.0796
Ethereum price
BNB
BNB (BNB)
$534.85 0.25107
BNB price
Solana
Solana (SOL)
$143.18 3.03228
Solana price
XRP
XRP (XRP)
$0.5264820 10.60468
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000173 5.48151
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000089 2.21055
Pepe price
Bonk
Bonk (BONK)
$0.0000231 3.27707
Bonk price
Bitcoin
Bitcoin (BTC)
$59,639.00 3.05343
Bitcoin price
Ethereum
Ethereum (ETH)
$3,195.48 2.0796
Ethereum price
BNB
BNB (BNB)
$534.85 0.25107
BNB price
Solana
Solana (SOL)
$143.18 3.03228
Solana price
XRP
XRP (XRP)
$0.5264820 10.60468
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000173 5.48151
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000089 2.21055
Pepe price
Bonk
Bonk (BONK)
$0.0000231 3.27707
Bonk price

Renewable energy milestone opens door for Tesla to resume crypto payments

renewable-energy-milestone-opens-door-for-tesla-to-resume-crypto-payments
Edited by
News
Renewable energy milestone opens door for Tesla to resume crypto payments

According to Bloomberg Intelligence analyst Jamie Coutts, Bitcoin has now passed the renewable energy milestone.

This suggests that Tesla could resume accepting Bitcoin as payment, as cited in a 2021 tweet.

The backstory on pulling the plug

Elon Musk, a known supporter of cryptocurrencies including Bitcoin, has been viewed by many as being responsible for some of the cryptocurrency’s wild price swings, including its peak back in 2021.

Despite ongoing support, it was in June 2021 that Musk halted Tesla’s Bitcoin payments until clean energy usage by miners was around 50%.

Since then, Bloomberg Intelligence’s Coutts noted that clean energy usage is now greater than 50%, adding the combination of falling emissions and a rising hash rate means “Bitcoin mining is consuming more sustainable energy in its mix.”

https://twitter.com/Jamie1Coutts/status/1702232776504930760

In time for PayPal 2.0

Although Musk has remained quiet on X (formerly Twitter) on this topic, the timing of this announcement was highlighted in a recent Forbes report as being particularly interesting since it occurred at the same times a U.S. Securities and Exchange Commission insider warned crypto buyers of Binance, and a leak also suggested the Tesla CEO was thinking of turning X into a new version of PayPal that could incorporate cryptocurrency payments.

Given Elon Musk’s massive sway in the crypto community, especially as evidenced in his addition of the Dogecoin symbol to his X profile, a spike, even temporary in the market may bring in some good news for the market.