Know what Elon Musk said this time that bitcoin prices got wings, questions were raised on tweets
Latest Bitcoin Price Tesla CEO Elon Musk said in a tweet on Sunday that the electric car maker will re-allow transactions in bitcoin when around 50 percent of clean energy is used in mining
The price of Bitcoin, the world's most popular cryptocurrency, has seen a jump once again. Once again the reason behind the rise in the price of bitcoin is the tweet from Elon Musk, the owner of the electric car company Tesla. Musk has said that Tesla will resume trading in cryptocurrencies when the mining will be done with more cleaner energy,. After this statement of Musk, the price of bitcoin has gone above $39,000.
Tesla CEO Elon Musk said in a tweet on Sunday, "The electric carmaker will re-allow transactions in bitcoin when around 50 percent of clean energy is used in mining with a positive mindset."
Musk made this tweet in response to a report published in Cointelegraph. In this report, Sygnia CEO Magda Wierzycka criticized Musk, saying that what we have seen with bitcoin is price manipulation by a very powerful and influential person. The report said that Musk's recent tweets on bitcoin should have been investigated by the US Securities and Exchange Commission.
In response to this report, Musk tweeted, 'This is wrong. Tesla only sold about 10 percent of the holdings to confirm that bitcoin can be easily liquidated without affecting the market.' He also said that if about 50 percent of the clean energy is used by the miners, then Tesla will start trading in bitcoin again. After this tweet by Musk, the bullish phase of bitcoin started. The value of one bitcoin reached US$39,606 on Monday.