Mention of Allowing Payment Resumption with the Spread of Clean Energy Use in the Mining Process
[Asia Economy New York=Correspondent Baek Jong-min] The cryptocurrency Bitcoin is showing strength, buoyed by the support of Elon Musk, CEO of Tesla.
According to CoinMarketCap, as of 4:30 PM local time on the 13th, Bitcoin is trading around $38,700, up 7.7% compared to 24 hours earlier.
The cryptocurrency specialized media Decrypt reported that Bitcoin is showing strength after CEO Musk mentioned that Tesla will resume Bitcoin payments.
On the same day, Musk tweeted, "Tesla sold only 10% of the Bitcoin it holds to verify Bitcoin liquidity. If miners’ reasonable clean energy usage (~50%) is confirmed, Tesla will resume Bitcoin payments."
Musk’s statement was a rebuttal to an article by a Bitcoin media outlet claiming that cryptocurrency prices, including Bitcoin, are being swayed by his remarks.
Previously, Musk had a significant impact on Bitcoin’s price decline by making negative comments about Bitcoin, including mentioning the suspension of Tesla vehicle payments using Bitcoin.
Amid Bitcoin’s notable strength, most cryptocurrencies are also joining the upward trend. Ethereum is trading at $2,480, up 2.8%, and Dogecoin is trading at around 32 cents, up 1.7%.
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