Tesla’s China Honeymoon is Over and will Tesla sell Bitcoin? Cryptocurrency guide

July 11, 2021 - Around 3 mins mins to read

Tesla’s honeymoon in China ends and will Tesla sell Bitcoin?

Tesla’s enthusiasm for Bitcoin was short-lived as the leading electric car maker suspended the Bitcoin payment option within a month of the announcement. The company’s CEO Elon Musk cited growing environmental concerns about Bitcoin as the main reason for BTC payments for Tesla cars. However, many have indicated that Musk’s claims about Bitcoin are not growing as Tesla still holds over $ 1 billion in BTC on its balance sheet.

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