BITCOIN’S value soared overnight after Elon Musk revealed Tesla WILL allow transactions with the cryptocurrency once it becomes cleaner and greener.
His message came after Bitcoin’s price went into freefall last month when he withdrew his support for it citing the harmful effects to the environment that comes with mining for cryptocurrency.
However, last night he tweeted: “When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing bitcoin transactions.”
In the wake of his post, the price of Bitcoin surged 9.8 per cent to $39,035.47 on Sunday, adding $3,492.71 to its previous close.
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