Home >
Tesla May Restart Cryptocurrency Payments, Cloud Mining Is It Worth It?

Tesla May Restart Cryptocurrency Payments, Cloud Mining Is It Worth It?

​Earlier, Elon Musk, the CEO of Tesla, said that “you can buy Tesla with Bitcoin” has caused an uproar, attracting many people to follow this world-renowned star entrepreneur to enter the market and hold coins. Cloud mining is worth it? However, with the ups and downs of Bitcoin prices, Musk's attitude towards Bitcoin has changed again and again. In the quarterly filing submitted to the U.S. Securities and Exchange Commission (SEC) in September this year, Tesla stated that “the practice of cryptocurrency trading may be restarted in the future”, which indicates that Tesla is considering resuming the use of digital assets. Cloud mining is worth it? In addition, Elon Musk recently expressed his support for Dogecoinin his Twitter reply to netizens' messages.

As of the morning of October 15, the 50-year-old Tesla head Musk's net assets have reached 230 billion US dollars or about 1.49 trillion yuan. Presently, Elon Musk's wealth has overwhelmed the sum of Bill Gates and Buffett's. Musk specifically mentioned in his tweets to netizens that he is the world's first Dogecoin trillionaire.

In addition to Bitcoin, Musk has always been a big fan of Dogecoin. On December 21 last year, Musk posted an extremely brief Twitter: "One word: Doge." Then, Dogecoin rose sharply, with the highest increase of more than 20%, reaching the highest level since July of that year. Cloud mining is worth it? On February 24, Tesla announced that it would use 1.5 billion US dollars to invest in BTC. On March 24th, Tesla's US official website officially announced its support for Bitcoin payments. Tesla CEO Elon Musk tweeted: Now you can buy Tesla with Bitcoin. He also said that in the second half of this year, bitcoin payments can also be used outside the United States.

Driven by the news about cryptocurrencies from all parties, Bitcoin has soared from approximately US$29,000 at the end of 2020 to an all-time high of US$65,000 in April 2021. Recently, the Bitcoin futures ETF landed on the New York Stock Exchange, and Bitcoin broke a record high and reached a high of $67,000.

Cloud mining is worth it? However, some people in the market have repeatedly expressed dissatisfaction with Musk's attitude, believing that he uses the "celebrity benefit" to release the latest cryptocurrency news deliberately to disrupt the market and play with "leeks" in the palm.