Elon Musk Makes Sudden U-turn, Reveals That Tesla May Start Accepting Bitcoin Again

• Tesla CEO Elon Musk has begun showing support for flagship cryptocurrency Bitcoin after months of neglect

• The billionaire has revealed that his private space rocket company SpaceX owns some of the cryptocurrency and Tesla may resume accepting it as payment for its electric cars

• The controversial billionaire also stated that he personally holds Bitcoin, Ethereum, and Dogecoin and would not be selling

Popular cryptocurrency Bitcoin has received a boost from one of the world’s most powerful cryptocurrency influencers Elon Musk.

The Tesla CEO was featured in a “The B Word” online conference which was hosted by the crypto council.

While speaking, the billionaire disclosed that his space rocket company SpaceX owns some of the flagship cryptocurrency.

Musk also revealed that Tesla is likely to start accepting payments or electric cars in BTC after putting a hold on it due to energy concerns.

Elon Musk also stated that he personally owns digital coins such as Bitcoin, Ethereum, and Dogecoin.

The billionaire also revealed that he would like to see Bitcoin succeed and as such he will not be selling his BTC holdings.

Elon Musk made these statements in reply to a series of criticism about him benefitting from the price swings of crypto assets.

The billionaire also added that Tesla will make the switch back to accepting Bitcoin as soon as it is confirmed that at least 50% of bitcoin mining energy is renewable.

At the time of this report, Bitcoin is trading at $32,000, Ethereum is at $1,979 while Dogecoin is trading at $0.190230.

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