Elon Musk, the founder and top manager of SpaceX and Tesla, stated in his latest post on Twitter that they are concerned about the rapidly increasing use of fossil fuels in Bitcoin mining and operations, especially coal with the worst emissions, and announced that Tesla has suspended the use of Bitcoin in vehicle sales.
"We believe cryptocurrency is a promising idea on many levels, but it shouldn't come at a big cost for the environment," said Musk.
"Tesla does not sell Bitcoins and we intend to use our Bitcoins in shopping as soon as Bitcoin mining moves to a more sustainable energy source."
The company announced that it started using Bitcoin in sales in March, and this development enabled Bitcoin to gain great value. In the same period, the emergence of Tesla's $ 1.5 billion purchase of Bitcoin was another factor that contributed to the valuation of crypto money.
After Musk's last share, the Bitcoin price declined from $ 58,000 to $ 46,000. As of today, it is in the range of 49-50 thousand.