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Bitcoin: Elon Musk suddenly says Tesla will stop accepting the cryptocurrency for purchases

Bitcoin: Elon Musk suddenly says Tesla will stop accepting the cryptocurrency for purchases CNN 2 hrs ago By Rishi Iyengar, CNN Business © John Smith/VIEWpress/Getty Images NEW YORK - NEW YORK - MARCH 24: The Tesla logo is seen at its store in Lower Manhattan on March 24, 2021 in New York. Tesla Inc said it bought $1.5 billion worth of bitcoin and would soon accept it as a form of payment for its cars. (Photo by John Smith/VIEWpress) Elon Musk says Tesla is abandoning plans to accept bitcoin as payment for the company s electric vehicles, citing the cryptocurrency s high environmental cost after months of being bullish on it.

Bitcoin price drops 12% after Elon Musk tweets that Tesla will not accept it as payment

Bitcoin price drops 12% after Elon Musk tweets that Tesla will not accept it as payment CNN 1 hr ago By Rishi Iyengar, CNN Business © John Smith/VIEWpress/Getty Images NEW YORK - NEW YORK - MARCH 24: The Tesla logo is seen at its store in Lower Manhattan on March 24, 2021 in New York. Tesla Inc said it bought $1.5 billion worth of bitcoin and would soon accept it as a form of payment for its cars. (Photo by John Smith/VIEWpress) The price of bitcoin has nosedived after Tesla CEO Elon Musk said his company was suspending plans to accept the cryptocurrency as payment for electric vehicles.

Bitcoin price drops around 12% after Elon Musk tweets that Tesla will not accept it as payment

Bitcoin price drops 12% after Elon Musk tweets that Tesla will not accept it as payment CNN 5/13/2021 By Rishi Iyengar, CNN Business © John Smith/VIEWpress/Getty Images NEW YORK - NEW YORK - MARCH 24: The Tesla logo is seen at its store in Lower Manhattan on March 24, 2021 in New York. Tesla Inc said it bought $1.5 billion worth of bitcoin and would soon accept it as a form of payment for its cars. (Photo by John Smith/VIEWpress) The price of bitcoin has nosedived after Tesla CEO Elon Musk said his company was suspending plans to accept the cryptocurrency as payment for electric vehicles.

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