Bitcoin plunges after Musk announces ban

Updated May 13 2021 - 1:39pm, first published 1:35pm
Tesla will use bitcoin for transactions as soon as mining becomes more sustainable, Elon Musk says.
Tesla will use bitcoin for transactions as soon as mining becomes more sustainable, Elon Musk says.

Tesla will no longer accept bitcoin for car purchases, chief executive Elon Musk says, citing long-brewing environmental concerns for a swift reversal in the company's position on the cryptocurrency.

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