Months after suspending Bitcoin payments over environmental concerns, the electric vehicle giant suggests it may be prepared to change its mind.
Tesla has suggested that it may start accepting cryptocurrencies as a payment method once again in the future.
Elon Musk also confirmed that his company’s sleek cars could also be purchased using the world’s biggest cryptocurrency.
BTC raced higher on the news — with enthusiasts heralding it as a significant milestone for adoption.
However, prices ended up retreating sharply when Tesla CEO Elon Musk performed a U-turn, suspending support for BTC transactions indefinitely.
Several critics had claimed that Tesla’s eco-friendly image was overshadowed by its investment in such an energy-intensive cryptocurrency — especially as concerns over climate change continue to grow.
Has the Situation Improved?
A slew of data in recent weeks and months has suggested that Bitcoin is increasingly going green.
Tesla’s updated stance came in the form of a filing to the U.S Securities and Exchange Commission — confirming it “may in the future restart the practice of transacting in cryptocurrencies.” The company added:
“We believe in the long-term potential of digital assets both as an investment and also as a liquid alternative to cash.”