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Concerned about the rapidly increasing use of fossil fuels for Bitcoin mining and transactions Tesla CEO Elon Musk announced via twitter that Tesla would be suspending the purchase of its vehicles via bitcoin.
Musk stated in his tweet that he believes in the potential that crypto currency has for the future, however he is not willing to trade off the future of the planet to obtain its benefits. He went on to state that if investors want to see an improvement in the situation that they switch to more environment friendly sources to fuel mining and transactions.
Following the latest tweet from the Tesla CEO bitcoin dropped from its daily high of £39 000 to £37,190