Recently, an analyst from Bloomberg underscored a noteworthy shift in the Bitcoin mining industry. In a detailed tweet, the analyst highlighted that the energy consumption for Bitcoin mining from sustainable sources has surpassed the 50% mark. The tweet, available for viewing here, has caught the attention of both cryptocurrency aficionados and environmentalists alike.
This development brings back memories of a commitment made by Elon Musk roughly two and a half years ago. The Tesla CEO, known for his forward-thinking vision and occasional market-moving tweets, had stated that Tesla might look into re-accepting Bitcoin as a legitimate payment method once the cryptocurrency’s mining operations were predominantly powered by green energy.
Now, with this green milestone achieved, the global tech and financial communities are buzzing with anticipation. They are eager to see whether Musk will acknowledge the sustainable progress within the Bitcoin mining realm and, in turn, rekindle Tesla’s association with the digital currency. Given Musk’s unpredictable nature and his history of stirring the crypto market with his comments, it remains an intriguing narrative to follow. Will Musk stand by his older assertions, or has the dynamic of the cryptocurrency market altered his stance? Only time will tell.
![Mark Brown](https://crpto.news/wp-content/uploads/2023/08/download-3-1.jpg)
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