Bitcoin rallies after Elon Musk says Tesla may resume accepting it
Bitcoin rose 8% to more than $32,000 on the comments late on Wednesday, having suffered further volatility earlier this week that saw it tumble below $30,000.
But Mr Musk sounded a more positive note when he spoke about the reasons behind the move at a conference.
"I wanted a little bit more due diligence to confirm that the percentage of renewable energy usage is most likely at or
"Tesla's mission is accelerating the advent of sustainable energy."
"We can't be the company that does that and also not do appropriate diligence on the energy usage of Bitcoin."
Bitcoin enjoyed a surge in value earlier this year but after peaking at $65,000 it has been through a volatile period - thanks to Tesla's changing stance as well as the growing threat from regulation in China.
Figures published by the Financial Conduct Authority last month showed an estimated 2.3 million UK adults now hold cryptoassets such as Bitcoin - despite warnings of the risks involved.