Elon Musk has apparently modified his thoughts about bitcoin. Again. The billionaire founding father of SpaceX stated Tesla would probably settle for bitcoin once more sooner or later after dropping the cryptocurrency over environmental considerations.

“It looks like bitcoin is shifting a lot more towards renewables,” Musk stated with none proof throughout a livestream dialogue on the B Word Conference with Twitter founder Jack Dorsey on Wednesday.

“I wanted to do a bit more diligence to confirm that the percentage of renewable energy usage is most likely at or above 50%, and that there is a trend towards increasing that number, and if so then Tesla would resume accepting bitcoin,” Musk continued.

“Most likely the answer is that Tesla would resume accepting bitcoin. Most likely,” stated Musk.

The worth of bitcoin surged over $32,000 after Musk’s announcement, a particularly predictable final result anytime the billionaire feedback on the world of faux digital cash.

Tesla began accepting bitcoin in late March, solely to reverse course lower than two months later. Musk stated on the time that he was nervous in regards to the environmental influence of bitcoin, which requires an infinite quantity of power to mine. But the environmental issues surrounding bitcoin have been identified for years and cynics would probably conclude Musk is merely making an attempt to govern the value of bitcoin.

But Musk appears to have been ready to reply that cost, making a curious assertion throughout the livestream, claiming he doesn’t attempt to get the value of bitcoin to ever plunge.

“The three things I own outside of SpaceX and Tesla—and obviously Neuralink and Boring Company—of any significance are bitcoin by far and some ethereum and some doge,” Musk stated.

“If the price of bitcoin goes down, I lose money. I might pump, but I don’t dump,” the billionaire continued. “I definitely do not believe in getting the price high and selling or anything like that.”

Even simply as an proprietor of Tesla inventory and CEO of the corporate, Musk hypothetically stands to lose some huge cash if bitcoin’s worth falls, for the reason that automobile firm revealed earlier this 12 months that it had bought $1.5 billion value of the cryptocurrency.

“If I was purely financially motivated then, I would not express this reticence about bitcoin energy usage,” Musk stated later throughout the converstaion whereas sounding extraordinarily defensive.

Where does that go away Tesla and when will the corporate begin accepting bitcoin once more? Your guess is nearly as good as ours. But we definitely predicted Musk’s swing again to the pro-bitcoin camp.