Elon Musk Stops Buying Tesla Using Bitcoin

Dogecoin price rises again due to Elon Musk's (Dexerto) tweet

JAKARTA – Now Bitcoin (BTC) can not be used to buy Tesla electric cars. The information was announced by Elon Musk in his Twitter tweet not long ago. Musk claims BTC does not use "green energy" aka not environmentally friendly because its mining contributes to carbon emissions.

The decision was made by bitcoin mining using fossil fuel electricity. The boss of Tesla and SpaceX is looking for another, more environmentally friendly cryptocurrency. Will Musk use Dogecoin as a means of the next transaction given the number of his uploads leading there?

Despite this, Musk believes the future of cryptocurrency is promising but he doesn't like the environmental damage caused by his mining activities.

"Cryptocurrencies are a great idea on many levels and we believe in a promising future, but this cannot happen with environmental damage", the Tesla boss said in his Twitter tweet on Wednesday, May 13.

In the announcement, Elon Musk confirmed that he will allow transactions using Bitcoin if his mining activities use more environmentally friendly energy.

In addition, Musk also added that he is looking for another cryptocurrency with a lower energy consumption than Bitcoin.

"Tesla will also be looking for another cryptocurrency whose energy consumption is 1 percent lower than Bitcoin's".

A few days earlier, Elon Musk polled via his Twitter tweet. Musk offered his fans whether they would accept tesla purchases with Dogecoin cryptocurrency or not.

The poll resulted in 78.2 percent of his followers agreeing, and 21.8 percent disagreeing. The total number of followers of the poll was 3.92 million percent.

When Elon Musk tweeted the announcement of the cancellation of Bitcoin as a means of buying Tesla, the price of BTC immediately dropped to the level of IDR 700 million from the price of IDR 800 million.

The opposite happened when Musk announced he was working with Dogecoin developers to improve the efficient transaction system, as soon as DOGE immediately refreshed to the price of IDR 7,500 when it was falling to the translucent IDR 5,900s.