Lee told Business Insider that he expects Bitcoin to hit $125,000 by the end of the year. With the leading cryptocurrency currently trading at around $43,000, Lee’s prediction represents an almost 200% increase.
As reported by BTC PEERS, Tesla (NASDAQ:TSLA) is no longer accepting Bitcoin as payment for its cars due to the environmental effects of Bitcoin mining activities.
Although many people have taken to social media to bash Musk for the sudden U-turn, Lee sees the move in a different light. According to him, the move by Tesla will encourage the crypto industry to adopt greener energy solutions. He said:
Continue reading on BTC Peers
Source: Cryptocurrency - investing.com
