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Bitcoin soars above $40,000 after Elon Musk remarks

By Zach Halaschak
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Bitcoin soars above $40,000 after Elon Musk remarks

Bitcoin surged to above the $40,000 mark after Tesla CEO Elon Musk hinted that his company may once again resume Bitcoin transactions.

Musk had initially sent Bitcoin and other cryptocurrencies into a tailspin after the billionaire investor announced that his company, citing environmental concerns, was suspending the use of Bitcoin to purchase vehicles. He cited concerns about the environmental toll of mining for Bitcoin, especially in places like China that use coal-fired energy.

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Bitcoin Cryptocurrency Elon Musk Science and Technology Tesla