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Tesla continue to hold bitcoin despite the mixed feelings that the company has sold it bitcoin asset during the China crackdown. Elon musk made a statement last year that his company Tesla will no longer support the acceptance of bitcoin as one of the payment option. This was a result of the total crackdown on crypto mining in China. At that time Elon musk stressed that the bitcoin mining procedure is not confirming with the environmental safety procedures. He explained that the company will continue to use bitcoin when it has adopted and environmental friendly energy for its mining process.
I'm very surprised that Tesla did not reverse its decision despite the fact that bitcoin mining now uses the environmental-friendly energy sources. I am thrilled when I saw the balance sheet of Tesla and and it was written in the statement the crypto assets that Tesla has.
Tesla has 1.26 billion dollar worth of bitcoin in its balance sheet. Sometimes last year and almost issued a statement that he is not selling is bitcoin assets and it has clearly shown that he did not sell the bitcoin assets. If Elon musk decided to accept bitcoin back into Tesla's payment option, there is every possibility that bitcoin will reach a new all-time high
I'm very surprised that Tesla did not reverse its decision despite the fact that bitcoin mining now uses the environmental-friendly energy sources. I am thrilled when I saw the balance sheet of Tesla and and it was written in the statement the crypto assets that Tesla has.
Tesla has 1.26 billion dollar worth of bitcoin in its balance sheet. Sometimes last year and almost issued a statement that he is not selling is bitcoin assets and it has clearly shown that he did not sell the bitcoin assets. If Elon musk decided to accept bitcoin back into Tesla's payment option, there is every possibility that bitcoin will reach a new all-time high