The Bitcoin market suffered a major decline after electric vehicle manufacturer Tesla suspended vehicle purchases with BTC.
Tesla CEO’su Elon Musk, In his post dated May 13 He explained that the company is concerned about the “increasing use of fossil fuels, especially coal, in Bitcoin mining and operations”.
While Musk said that cryptocurrencies have a promising future, he added that the rise of these digital assets should not occur by harming the environment.
According to the statement, the company will continue to use Bitcoin in transactions when BTC mining starts with more sustainable energy.
Bitcoin, which was traded at $ 54,600 before Musk’s shipment, declined to $ 46,900 within two hours, according to CoinMarketCap data. BTC, which showed a slight recovery right after, is trading at $ 50,215 as of the time of translation broadcast.