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.
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.
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.