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After Elon Musk's tweet announcing that he would stop accepting Bitcoin as a medium of payment in May 2021 due to environmental concerns and the banning of Bitcoin mining by some governments, Bitcoin fell by 6% on the very same day and raised a number of environmental questions.
The chief executive officer of Tesla had stated that he was very concerned about the escalating energy consumption and fossil fuels needed to run Bitcoin's network. Although he is a huge fan of this technology, and thinks it represents the future, he will not accept Bitcoin until it turns to greener energy and is even considering looking into other cryptos that use
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