Bitcoin payment → Cancel → Allow again… ‘Coming and going’ Musk, the market fluctuates on a whim

When Tesla CEO Elon Musk announced that he would allow Tesla cars to pay in Bitcoin again, with conditions attached, cryptocurrencies (virtual currencies) such as Bitcoin are skyrocketing all at once.

As of 6:10 am (Korean time) on the 14th, Bitcoin was recorded at $39,142, up 8.85% from 24 hours ago on CoinMarketCap, a global market relay site.

Bitcoin’s sudden surge seems to be due to Tesla CEO Musk saying that if he cuts down on energy mining bitcoin, he would allow Tesla cars to pay in bitcoin again.

Musk specifically suggested that energy should be cut in half. Musk said on February 8 that he had bought $1.5 billion in bitcoin and would accept bitcoin payments for Tesla cars.

However, on May 12th, it was canceled, calling for a sharp drop in Bitcoin, saying that Bitcoin mining and trading consumes too much electricity. However, on the same day, Musk reversed his position again that he would allow bitcoin payments if the energy used to mine bitcoins was reduced by 50%.

As the news spread, Bitcoin skyrocketed. It crossed the $39,000 mark and crossed the $40,000 mark. Not only Bitcoin, but also major cryptocurrencies are skyrocketing. Ethereum, the second-largest by market cap, is at $2532, up 5.5% from 24 hours ago. Cardano (Ada) is up 6.38% and Dogecoin is up 4.07%, respectively.

At the same time, on Upbit, a Korean trading site, Bitcoin is also trading at 44,763,000 won, up 8.04% from 24 hours ago. Not only Bitcoin, but all cryptocurrencies are skyrocketing. Ethereum is soaring by 5.00%, Ada (Cardano) by 4.37%, and Dogecoin by 3.87%, respectively.

By Kim Kyung-ho, staff reporter [email protected]

[ⓒ 세계일보 &, 무단전재 및 재배포 금지]

Source: 경제 by

*The article has been translated based on the content of 경제 by If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!