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URLhttps://www.aljazeera.com/economy/2021/6/14/tesla-chief-musk-tweets-and-bitcoin-jumps-again
Last Crawled2026-04-19 22:30:18 (11 hours ago)
First Indexed2021-06-14 05:17:55 (4 years ago)
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Meta TitleTesla chief Elon Musk tweets and Bitcoin jumps, again | Business and Economy News | Al Jazeera
Meta DescriptionMusk’s latest tweet on potentially allowing Bitcoin transactions for Tesla sent the currency surging nearly 10 percent.
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Musk’s latest tweet on potentially allowing Bitcoin transactions for Tesla sent the currency surging nearly 10 percent. Tesla Inc Chief Executive Officer Elon Musk has tweeted that the electric carmaker will resume allowing Bitcoin transactions when miners who verify transactions use more renewable energy. “When there’s confirmation of reasonable (~50 percent) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,” he said in a tweet on Sunday. Recommended Stories list of 4 items list 1 of 4 Green prize: Elon Musk to give $100m for carbon capture solution list 2 of 4 From monkey brains to memes, Musk makes wild Clubhouse app debut list 3 of 4 How much is that Dogecoin in the window worth? list 4 of 4 Elon Musk asks Twitter followers if Tesla should accept Dogecoin end of list Bitcoin surged 9.8 percent to $39,035.47 on Sunday, adding $3,492.71 to its previous close. Musk’s post was in reply to a report in Cointelegraph, which cited Magda Wierzycka, executive chair of South African asset manager Sygnia, as saying Musk’s recent tweets on Bitcoin should have prompted an investigation by the US Securities and Exchange Commission. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 40.7 percent from the year’s low of $27,734 on January 4. It was down about 1 percent to $38,881 as of 7am in Hong Kong on Monday (23:00 GMT on Sunday). Ether, the coin linked to the ethereum blockchain network, surged 7 percent to $2,532.77 on Sunday, adding $165.77 to its previous close. Musk also said that Tesla sold about 10 percent of holdings to confirm Bitcoin could be liquidated easily without moving the market. ‘Positive momentum’ “The tweet added to positive momentum as Elon’s stance seems to be moderating and providing a target that’s not far away,” said Jonathan Cheesman, head of over-the-counter and institutional sales at crypto derivatives exchange FTX. “The rally was already under way as the market speculates about an imminent purchase from MicroStrategy and the G-7 comments on crypto were neutral, even optimistic, about digital innovation.” MicroStrategy Inc, whose Chief Executive Officer Michael Saylor has become a vocal Bitcoin evangelist, last week boosted a junk-bond offering for the purposes of buying the cryptocurrency to $500m from $400m. Musk has whipsawed Bitcoin and other digital tokens in the past few months. In February, Tesla announced it had bought $1.5bn in Bitcoin and signalled its intent to start accepting Bitcoin as payment for vehicles. In March, Musk tweeted, “you can now buy a Tesla with Bitcoin,” only to say in May that the practice was suspended due to concerns about fossil-fuel usage for Bitcoin mining and transactions. Bitcoin fell more than 10 percent after that tweet. The U-turn has been controversial, as Wierzycka’s reported comments indicate, partially because the moves by Tesla and Musk have had noticeable effects on bitcoin’s price. While there are other issues out there, ranging from institutional adoption and diversification on the positive side to sustainability and regulatory concerns on the negative, a Musk tweet can often change momentum and can dominate the narrative for days or weeks.
Markdown
Skip links[Skip to Content](https://www.aljazeera.com/economy/2021/6/14/tesla-chief-musk-tweets-and-bitcoin-jumps-again#main-content-area) [Live](https://www.aljazeera.com/video/live) Sign up Navigation menu - [News](https://www.aljazeera.com/news/) Show more news sections - [Africa](https://www.aljazeera.com/africa/) - [Asia](https://www.aljazeera.com/asia/) - [US & Canada](https://www.aljazeera.com/us-canada/) - [Latin America](https://www.aljazeera.com/latin-america/) - [Europe](https://www.aljazeera.com/europe/) - [Asia Pacific](https://www.aljazeera.com/asia-pacific/) - [Middle East](https://www.aljazeera.com/middle-east/) - [Explained](https://www.aljazeera.com/tag/explainer/) - [Opinion](https://www.aljazeera.com/opinion/) - [Sport](https://www.aljazeera.com/sports/) - [Video](https://www.aljazeera.com/videos/) - More Show more sections - [Features](https://www.aljazeera.com/features/) - [Economy](https://www.aljazeera.com/economy/) - [Human Rights](https://www.aljazeera.com/tag/human-rights/) - [Climate Crisis](https://www.aljazeera.com/climate-crisis) - [Investigations](https://www.aljazeera.com/investigations/) - [Interactives](https://www.aljazeera.com/interactives/) - [In Pictures](https://www.aljazeera.com/gallery/) - [Science & Technology](https://www.aljazeera.com/tag/science-and-technology/) - [Podcasts](https://www.aljazeera.com/audio/podcasts) - [Travel](https://www.aljazeera.com/travel) [Live](https://www.aljazeera.com/video/live) Click here to search Sign up Navigation menu - [**Trending**](https://www.aljazeera.com/) - [US-Israel war on Iran](https://www.aljazeera.com/news/liveblog/2026/4/19/iran-war-live-tehran-says-no-date-set-for-us-talks-hormuz-strait-closed) - [Tracking Israel's ceasefire violations](https://www.aljazeera.com/news/2025/11/11/how-many-times-has-israel-violated-the-gaza-ceasefire-here-are-the-numbers) - [Russia-Ukraine war](https://www.aljazeera.com/tag/ukraine-russia-crisis/) - [Donald Trump](https://www.aljazeera.com/tag/donald-trump/) [Economy](https://www.aljazeera.com/economy/)\|[Business and Economy](https://www.aljazeera.com/tag/business-and-economy/) # Tesla chief Elon Musk tweets and Bitcoin jumps, again *Musk’s latest tweet on potentially allowing Bitcoin transactions for Tesla sent the currency surging nearly 10 percent.* Save Click here to share on social media Share Add Al Jazeera on Google ![](https://www.aljazeera.com/wp-content/uploads/2021/06/372449061.jpg?resize=770%2C513&quality=80) Elon Musk's comments have whipsawed Bitcoin and other digital currencies in the past few months \[File: Maja Hitij/Getty Images\] By News Agencies Published On 14 Jun 202114 Jun 2021 Tesla Inc Chief Executive Officer Elon Musk has tweeted that the electric carmaker will resume allowing Bitcoin transactions when miners who verify transactions use more renewable energy. “When there’s confirmation of reasonable (~50 percent) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,” he said in a tweet on Sunday. ## Recommended Stories list of 4 items - list 1 of 4[Green prize: Elon Musk to give \$100m for carbon capture solution](https://www.aljazeera.com/economy/2021/1/22/bb-climate-prize-elon-musk-to-give-100m-for-carbon-capture-tech) - list 2 of 4[From monkey brains to memes, Musk makes wild Clubhouse app debut](https://www.aljazeera.com/economy/2021/2/1/bbfrommonkey-brains-to-memes-musk-makes-wild-clubhouse-app-debut) - list 3 of 4[How much is that Dogecoin in the window worth?](https://www.aljazeera.com/economy/2021/5/7/with-elon-musk-set-to-host-snl-whats-behind-the-dogecoin-rally) - list 4 of 4[Elon Musk asks Twitter followers if Tesla should accept Dogecoin](https://www.aljazeera.com/economy/2021/5/11/elon-musk-asks-twitter-followers-if-tesla-should-accept-dogecoin) end of list Bitcoin surged 9.8 percent to \$39,035.47 on Sunday, adding \$3,492.71 to its previous close. Musk’s post was in reply to a report in Cointelegraph, which cited Magda Wierzycka, executive chair of South African asset manager Sygnia, as saying Musk’s recent tweets on Bitcoin should have prompted an investigation by the US Securities and Exchange Commission. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 40.7 percent from the year’s low of \$27,734 on January 4. It was down about 1 percent to \$38,881 as of 7am in Hong Kong on Monday (23:00 GMT on Sunday). Ether, the coin linked to the ethereum blockchain network, surged 7 percent to \$2,532.77 on Sunday, adding \$165.77 to its previous close. Musk also said that Tesla sold about 10 percent of holdings to confirm Bitcoin could be liquidated easily without moving the market. ## ‘Positive momentum’ “The tweet added to positive momentum as Elon’s stance seems to be moderating and providing a target that’s not far away,” said Jonathan Cheesman, head of over-the-counter and institutional sales at crypto derivatives exchange FTX. “The rally was already under way as the market speculates about an imminent purchase from MicroStrategy and the G-7 comments on crypto were neutral, even optimistic, about digital innovation.” Advertisement MicroStrategy Inc, whose Chief Executive Officer Michael Saylor has become a vocal Bitcoin evangelist, last week boosted a junk-bond offering for the purposes of buying the cryptocurrency to \$500m from \$400m. Musk has whipsawed Bitcoin and other digital tokens in the past few months. In February, Tesla announced it had bought \$1.5bn in Bitcoin and signalled its intent to start accepting Bitcoin as payment for vehicles. In March, Musk tweeted, “you can now buy a Tesla with Bitcoin,” only to say in May that the practice was suspended due to concerns about fossil-fuel usage for Bitcoin mining and transactions. Bitcoin fell more than 10 percent after that tweet. The U-turn has been controversial, as Wierzycka’s reported comments indicate, partially because the moves by Tesla and Musk have had noticeable effects on bitcoin’s price. While there are other issues out there, ranging from institutional adoption and diversification on the positive side to sustainability and regulatory concerns on the negative, a Musk tweet can often change momentum and can dominate the narrative for days or weeks. *** ### ## ## ## ### ## ## ## ### ## ## ## Advertisement *** - ## About About Show more - [About Us](https://www.aljazeera.com/about-us) - [Code of Ethics](https://www.aljazeera.com/code-of-ethics/) - [Terms and Conditions](https://www.aljazeera.com/terms-and-conditions/) - [EU/EEA Regulatory Notice](https://www.aljazeera.com/eu-eea-regulatory/) - [Privacy Policy](https://privacy.aljazeera.net/) - [Cookie Policy](https://privacy.aljazeera.net/cookie/) - [Cookie Preferences](https://www.aljazeera.com/) - [Accessibility Statement](https://trust.aljazeera.net/accessibility/) - [Sitemap](https://www.aljazeera.com/sitemap) - [Work for us](https://careers.aljazeera.net/) - ## Connect Connect Show more - [Contact Us](https://network.aljazeera.net/en/contact?tid=6) - [User Accounts Help](https://www.aljazeera.com/user-accounts-help) - [Advertise with us](https://commercial.aljazeera.net/) - [Stay Connected](https://www.aljazeera.com/stay-connected) - [Newsletters](https://www.aljazeera.com/newsletters) - [Channel Finder](https://sat.aljazeera.net/en) - [TV Schedule](https://www.aljazeera.com/schedule/) - [Podcasts](https://www.aljazeera.com/podcasts/) - [Submit a Tip](https://webapps.aljazeera.net/aje/tips/) - [Paid Partner Content](https://www.aljazeera.com/sponsored) - ## Our Channels Our Channels Show more - [Al Jazeera Arabic](http://aljazeera.net/) - [Al Jazeera English](https://www.aljazeera.com/) - [Al Jazeera Investigative Unit](https://www.ajiunit.com/) - [Al Jazeera Mubasher](https://www.aljazeeramubasher.net/) - [Al Jazeera Documentary](http://doc.aljazeera.net/) - [Al Jazeera Balkans](http://balkans.aljazeera.net/) - [AJ+](http://ajplus.net/) - ## Our Network Our Network Show more - [Al Jazeera Centre for Studies](http://studies.aljazeera.net/en/) - [Al Jazeera Media Institute](http://training.aljazeera.net/) - [Learn Arabic](http://learning.aljazeera.net/) - [Al Jazeera Centre for Public Liberties & Human Rights](http://liberties.aljazeera.com/en) - [Al Jazeera Forum](http://forum.aljazeera.net/) - [Al Jazeera Hotel Partners](https://hotels.aljazeera.net/en) Follow Al Jazeera English: ![Al Jazeera Media Network logo](https://www.aljazeera.com/static/media/aj-footer-logo.bac952ad.svg) © 2026 Al Jazeera Media Network
Readable Markdown
*Musk’s latest tweet on potentially allowing Bitcoin transactions for Tesla sent the currency surging nearly 10 percent.* Tesla Inc Chief Executive Officer Elon Musk has tweeted that the electric carmaker will resume allowing Bitcoin transactions when miners who verify transactions use more renewable energy. “When there’s confirmation of reasonable (~50 percent) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,” he said in a tweet on Sunday. ## Recommended Stories list of 4 items - list 1 of 4[Green prize: Elon Musk to give \$100m for carbon capture solution](https://www.aljazeera.com/economy/2021/1/22/bb-climate-prize-elon-musk-to-give-100m-for-carbon-capture-tech) - list 2 of 4[From monkey brains to memes, Musk makes wild Clubhouse app debut](https://www.aljazeera.com/economy/2021/2/1/bbfrommonkey-brains-to-memes-musk-makes-wild-clubhouse-app-debut) - list 3 of 4[How much is that Dogecoin in the window worth?](https://www.aljazeera.com/economy/2021/5/7/with-elon-musk-set-to-host-snl-whats-behind-the-dogecoin-rally) - list 4 of 4[Elon Musk asks Twitter followers if Tesla should accept Dogecoin](https://www.aljazeera.com/economy/2021/5/11/elon-musk-asks-twitter-followers-if-tesla-should-accept-dogecoin) end of list Bitcoin surged 9.8 percent to \$39,035.47 on Sunday, adding \$3,492.71 to its previous close. Musk’s post was in reply to a report in Cointelegraph, which cited Magda Wierzycka, executive chair of South African asset manager Sygnia, as saying Musk’s recent tweets on Bitcoin should have prompted an investigation by the US Securities and Exchange Commission. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 40.7 percent from the year’s low of \$27,734 on January 4. It was down about 1 percent to \$38,881 as of 7am in Hong Kong on Monday (23:00 GMT on Sunday). Ether, the coin linked to the ethereum blockchain network, surged 7 percent to \$2,532.77 on Sunday, adding \$165.77 to its previous close. Musk also said that Tesla sold about 10 percent of holdings to confirm Bitcoin could be liquidated easily without moving the market. ## ‘Positive momentum’ “The tweet added to positive momentum as Elon’s stance seems to be moderating and providing a target that’s not far away,” said Jonathan Cheesman, head of over-the-counter and institutional sales at crypto derivatives exchange FTX. “The rally was already under way as the market speculates about an imminent purchase from MicroStrategy and the G-7 comments on crypto were neutral, even optimistic, about digital innovation.” MicroStrategy Inc, whose Chief Executive Officer Michael Saylor has become a vocal Bitcoin evangelist, last week boosted a junk-bond offering for the purposes of buying the cryptocurrency to \$500m from \$400m. Musk has whipsawed Bitcoin and other digital tokens in the past few months. In February, Tesla announced it had bought \$1.5bn in Bitcoin and signalled its intent to start accepting Bitcoin as payment for vehicles. In March, Musk tweeted, “you can now buy a Tesla with Bitcoin,” only to say in May that the practice was suspended due to concerns about fossil-fuel usage for Bitcoin mining and transactions. Bitcoin fell more than 10 percent after that tweet. The U-turn has been controversial, as Wierzycka’s reported comments indicate, partially because the moves by Tesla and Musk have had noticeable effects on bitcoin’s price. While there are other issues out there, ranging from institutional adoption and diversification on the positive side to sustainability and regulatory concerns on the negative, a Musk tweet can often change momentum and can dominate the narrative for days or weeks.
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