Why there might be more to Tesla's suspension of Bitcoin payments

2021-5-15 23:00

The long-fought Bitcoin energy debate resurfaced afresh on late Wednesday after Tesla CEO Elon Musk announced that his company had suspended vehicle purchases using Bitcoin owing to concerns over its The post Why there might be more to Tesla's suspension of Bitcoin payments appeared first on AMBCrypto.

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Analyst Explains Rationale Behind Tesla’s New Stance On Bitcoin

Elon Musk recently set the cryptocurrency community ablaze when he announced Tesla’s withdrawal in accepting Bitcoin as a payment medium. The company’s sole reason for backpedaling on its decision to accept Bitcoin is tied to the asset’s level of energy consumption which Tesla believes is highly unsustainable despite Bitcoin being a promising digital currency in […]

2021-5-15 16:09