Skip to content
Subscriber Only

What Crypto Insiders Think About Elon Musk’s Bitcoin U-Turn

Video player cover image
WATCH: Elon Musk says Tesla will no longer accept Bitcoin because of climate concerns.(Source: Bloomberg)

Follow us @crypto for our full coverage.

Cyptocurrency enthusiasts got a nasty shock Wednesday when Elon Musk, founder of Tesla Inc. and the second-richest person on the planet, announced on Twitter that his automaker wouldn’t accept payment in Bitcoin any more due to environmental concerns.