Michael Saylor asked Elon Musk why his electric car production company does not accept payments with Bitcoin, as he promised 3 years ago.
Michael Saylor is president and former CEO of Bitcoin bull company Microstrategy. This Bitcoin bullish company has a background in business intelligence and currently holds a net of 444,262 $BTC in the form of reserve funds. Saylor always remains active on X (formerly Twitter) to talk about Bitcoin and the Bitcoin-related achievements his company continually makes with Bitcoin adoption.
On December 28, 2024, Michael Saylor tagged Tesla CEO Elon Musk to learn why his company had no longer accepted Bitcoin payments.
Saylor recalled that Elon Musk promised in 2021 that his company would return to accepting Bitcoin payments when 50% of Bitcoin mining operations were powered by green or renewable energy sources.
According to data shared by Saylor, currently, 56.76% of Bitcoin mining operations rely on sustainable energy sources.
Elon Musk, investment in Bitcoin and controversy
Personally, Musk has Bitcoin, Ethereum and Dogecoin in his portfolio and also suggests people not to buy multiple crypto assets.
His company, Tesla, began accepting Bitcoin as a payment method on March 24, 2024, but after 3 months, his company discontinued this payment option, citing environmental concerns related to Bitcoin mining.
The Tesla CEO later harshly criticized cryptocurrency enthusiasts and suggested Musk suspend SpaceX programs, as rockets and spaceships were causing huge amounts of pollution, more than the pollution from Bitcoin mining.
Now it will be interesting to see what response Tesla official Elon Musk will give, because he never makes false promises.
Bitcoin price action
The current trading price of Bitcoin is $95,062 and this price level is 0.5% higher in the last 24 hours.
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