Bitcoin climbed over $40,000 on Monday after Elon Musk suggested Tesla might accept it as payment again. On Sunday, Musk tweeted that Tesla will do it when there's proof of about 50% of mining energy used is clean.
Musk’s tweet on Sunday was in reply to a report in CoinTelegraph, according to which Magda Wierzycka, executive chair of South African asset manager Sygnia, has said that Musk’s recent tweets on Bitcoin should have prompted an investigation by the U.S. Securities and Exchange Commission.
Wierzycka had alleged Musk of deliberately pumping up bitcoin's value and then selling a chunk of his exposure at its peak. But
Musk disputed this claim, saying "
Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market."
Well, earlier, in February, Tesla announced it had bought $1.5 billion in Bitcoin and signaled its plan to start accepting Bitcoin as payment for vehicles. "you can now buy a Tesla with Bitcoin," added Musk in March. But in May tesla made a U-turn and announced that the practice was suspended due to concerns about fossil-fuel usage for Bitcoin mining.
Bitcoin was last trading 13% higher around $40,700 on Monday as of 9:35 a.m. ET.