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Tesla: Elon Musk wants to accept Bitcoin after all

2021-06-15T21:16:46.857Z


Tesla cars against Bitcoin? Elon Musk had first announced this, but then rejected it again - for environmental reasons. Now the entrepreneur is committed to a clear “possibly”.


Enlarge image

Elon Musk: "This is wrong"

Photo: MIKE BLAKE / REUTERS

According to its boss Elon Musk, the carmaker Tesla will accept the crypto currency Bitcoin again as a means of payment under certain conditions: namely, if an appropriate share of around 50 percent of renewable energies is used in Bitcoin production and there is also a positive trend in this Give direction.

If that is the case, Tesla will again allow Bitcoin transactions, Musk tweeted.

It was only in March that Musk announced that Tesla would also sell its cars for Bitcoin in the future.

In May he made a U-turn and justified this with climate concerns.

Musk now tweeted that Tesla had sold about ten percent of its Bitcoin inventory "to confirm that Bitcoin can simply be liquidated without moving the market."

Critics accuse Musk of price manipulation

Musk linked his tweet with a contribution from the Internet service "Cointelegraph", which he rejected with the words "This is wrong".

An interview with the head of the financial services provider Sygnia, Magda Wierzycka, was reproduced there.

"What we saw with Bitcoin is the price manipulation by a very powerful and influential person," said Wierzycka there.

There were market fluctuations in Bitcoin, which she would describe as "market manipulation by Elon Musk".

If this happened to a publicly traded company, it would be investigated by the US Securities and Exchange Commission and severely punished.

The Tesla boss knowingly increased the price of Bitcoin by, among other things, writing tweets in which he mentioned that his company had bought Bitcoin worth $ 1.5 billion, the Sygnia boss said.

He then sold a large part of it at the height of the Bitcoin price.

Millions of followers on Twitter

For months, Musk has been criticized by some market observers.

They accuse him of affecting the Bitcoin exchange rate with sometimes simple tweets and thereby giving themselves or Tesla the opportunity to gain financial advantages.

Musk has around 57 million followers on Twitter.

If only some of them get involved in the crypto currency in Musk's Bitcoin tweets, this can move the price significantly.

ime / Reuters

Source: spiegel

All business articles on 2021-06-15

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