An Open Letter On Bitcoin To Tesla And Elon Musk

Dear Tesla and Elon Musk,

In February 2021, Tesla became an industry leader in Bitcoin by accepting payment alongside Microsoft, PayPal, Starbucks, Overstock and Twitch. As Bitcoin users and supporters, we were obviously disappointed in May when Tesla announced that it would no longer accept bitcoin and only accept fiat currencies.

Much has been written on the issues of this currency, such as assisting organized crime, untraceability and the environmental impact of its use. Nonetheless, while this currency is overwhelmingly used for crime, virtually untraceable, and kills thousands of trees every year, we still think it would be excessive to ban fiat currency completely. However, we are confused why a double standard appears to exist for bitcoin.

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