Tesla CEO Elon Musk has hinted that the crypto industry is on its fashion toward greener future, merely Tesla won't exist accepting Bitcoin payments only notwithstanding.

Speaking at "The ₿ Word," a virtual Bitcoin (BTC) effect, with Twitter CEO Jack Dorsey, Ark Invest'due south Cathie Wood and moderator Steve Lee from Square Crypto, Musk said that Tesla would "most likely" consider resuming crypto payments for its vehicles — a policy the CEO said the company would be stopping in May — but said he needed to do diligence before making a decision.

"There appears to be a positive trend in the free energy usage of Bitcoin," said Musk, as well expressing skepticism at the speed at which the network had moved toward green energy sources. "There's only no style you could basically double or triple the amount of free energy in such a curt period of time with renewables. [...] Tesla'south mission is accelerating sustainable energy. We can't be the company that does that and not exercise advisable diligence on the energy usage of Bitcoin."

He added:

"It looks like Bitcoin is shifting a lot more towards renewables and a bunch of the heavy-duty coal plants that were unequivocally beingness used have been close down, especially in China. I desire to exercise a little more diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a tendency towards increasing that number. If so, Tesla will resume accepting Bitcoin."

Related: Elon Musk agrees to speak with Twitter CEO Jack Dorsey at Bitcoin event

Screenshot from The ₿ Word

In May, Musk announced that Tesla would no longer accept Bitcoin payments due to the network's "increasingly rapid use of fossil fuels." The price of the crypto asset subsequently fell under $twoscore,000 for the starting time time since February. The Tesla CEO later antiseptic that the visitor would resume BTC transactions when there was confirmation miners were using more l% clean energy "with positive future trend."

Musk also addressed some of the allegations from professionals that he had orchestrated a pump-and-dump scheme given his social media posts on cryptocurrencies including BTC and Dogecoin (DOGE). He said the only three assets "of whatsoever significance" that he owned exterior of SpaceX and Tesla stock were BTC, DOGE and Ether (ETH), and that neither he nor Tesla had sold whatever Bitcoin since the declaration of stopping crypto payments.

"If the cost of Bitcoin goes down, I lose money," said Musk:

"I might pump, but I don't dump. I definitely do not believe in getting the cost high and selling it or anything similar that."

Related: No, Musk, don't blame Bitcoin for dirty free energy — The problem lies deeper

As Cointelegraph reported, Musk said in April that Tesla had sold a portion of its Bitcoin holdings — with net proceeds of roughly $272 meg at the time — to prove the nugget's liquidity as an alternative to cash. He has not revealed how much of the crypto asset he personally owns merely said that fifty-fifty his 1-year-former son owns some Dogecoin.