--- title: "Elon Musk Says Tesla Will Accept Bitcoin Again, on One Condition" description: "Elon Musk announced that Tesla would once again accept Bitcoin, but only if the mining industry transitions to clean energy." date: "2021-06-14" modified: "2021-06-14" authors: - name: "Dan Robitzski" link: "https://futurism.com/authors/danrobitzski" url: "https://futurism.com/the-byte/elon-musk-tesla-accept-bitcoin-condition" categories: - "Advanced Transport" - "Bitcoin" - "Blockchain" - "Cryptocurrency" - "Elon Musk" - "Future Society" - "Tesla" - "The Industrialists" tags: - "bitcoin" - "elon musk" - "tesla" - "the digest" --- # Elon Musk Says Tesla Will Accept Bitcoin Again, on One Condition ![]() *Futurism \Image: Futurism\* ## Mr. Musk's Wild Ride Elon Musk has once again reversed his position on Tesla and Bitcoin, announcing that the electric automaker would accept the cryptocurrency as payment but only after a specific condition is met. Specifically, Musk said that the Bitcoin mining industry needs to clean up its act and stop powering the extremely energy-intensive operations with fossil fuels, [according to *CNBC*](), and use cleaner energy sources instead. "When there's confirmation of reasonable (\~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions," [Musk tweeted]() on Sunday. While leveraging his and Tesla's prominence to drive the Bitcoin industry in a healthier direction could do a world of good, this is just the latest loop on the roller coaster that has been Musk's influence on the cryptocurrency, which has experienced [drastic rises and falls]() caused by the [mega-billionaire's whims](). ## Moving Markets While Musk has made plenty of business announcements over Twitter, he's also used his huge online influence to influence crypto prices, especially those of [meme coins like Dogecoin](). Ironically, *[Gizmodo ]()*[notes]()*,* the price of Bitcoin surged upward by 9.64 percent in the 24 hours after Elon Musk's tweet, which was a reply to an accusation that he was running a pump and dump scheme. Musk's argument that Bitcoin mining's environmental impact shouldn't be associated with Tesla, perhaps the most famous electric automaker, makes sense from a branding perspective. But Bitcoin was already [terrible for the planet]() when Tesla first decided to accept it, and it would be naïve to think Musk somehow wasn't aware of the problem [just four months ago](). Whether you call it wising up or simply getting exhausted, the crypto community seems to be increasingly distancing itself from Musk and his market-moving online presence. The Bitcoin Mining Council, a newly-formed voluntary group of crypto miners and enthusiasts that also wants to help cryptocurrency clean up its act, [recently disavowed Musk]() — his antics seem to have become too much to deal with. **READ MORE:** [Musk says Tesla will accept bitcoin again as crypto miners use more clean energy]() \[*CNBC*\] **More on Bitcoin:** *[Sustainable Bitcoin Mining Group Disavows Elon Musk]()* ## Author Dan Robitzki is a senior reporter for Futurism, where he likes to cover AI, tech ethics, and medicine. He spends his extra time fencing and streaming games from Los Angeles, California. ### Author social links [Twitter]()