Musk said he would restore acceptance of bitcoin for payment of Tesla vehicles when
bitcoin mining achieved 50% renewable energy use, which was reached more than a year ago.
But still no announcement from Musk.
Elon Musk is just an economist and an entrepreneur.
When did Elon Musk become an economist?
Do you also believe he is the best video game player in the world as he claimed?
As an entrepreneur Musk should know that accepting bitcoin could only benefit Tesla.
At the very least, it won't do any harm. Especially at a time when the regulatory environment
is much more favorable for bitcoin. The news would also cause the value of Tesla's bitcoin holdings to go higher.
Several large US companies have accepted bitcoin payments for years, including
Newegg and Shopify. Nothing bad ever happened to them for doing so even under Biden.
I never trust someone like Musk more than I can throw him, but from a business risk/reward perspective
it would make sense for Tesla to re-introduce bitcoin payments. But of course Musk doesn't have
any sense and forgot about Tesla years ago since taking on all kinds of nonsense distractions
like Twitter, politics, etc. His brain has been fried from years of heavy drug use.
Bitcoin is probably better off not being associated with a toxic, unpredictable tweeker like Musk.
Musk and the Tesla brand are fading fast and by now would do more harm than good for bitcoin.