On Tuesday (December 31), the price of Bitcoin fluctuated dramatically by more than $2,300, soaring to a high of $95,024 before retreating to around $92,600. The clean energy usage rate of Bitcoin has now exceeded 50%. Billionaire Elon Musk previously stated that when this condition is met, Tesla will again accept Bitcoin payments. As the inauguration of Donald Trump, the newly elected president of the USA, approaches, the Trump Trade is back in focus.

The clean energy usage rate of Bitcoin exceeds 50%, and Tesla is expected to introduce payments.

For years, Bitcoin miners have been concerned about environmental issues, and now they are making significant strides toward sustainable development. Currently, over 56% of mining energy comes from renewable sources, and this progress could pave the way for Tesla to reintroduce Bitcoin as a payment method.

This achievement for Bitcoin meets the conditions set by Tesla's CEO Musk, who previously stated that once renewable energy consumption exceeds 50%, the company will resume Bitcoin payments. This development has fueled expectations that Tesla will reinstate Bitcoin as a payment method for its electric vehicles.

In recent years, Bitcoin miners have made significant progress in using cleaner energy. Regions like Quebec, Iceland, and Texas have attracted miners due to their diverse renewable resources such as hydropower, geothermal energy, and Wind Energy. Hydropower currently leads renewable energy generation with a 23% share, followed by Wind Energy (5%) and CECEP Solar Energy (2%).

Bitcoin mining consumes about 127 terawatt-hours of electricity each year but still faces challenges regarding carbon emissions. Despite the increase in clean energy usage, Bitcoin mining still emits approximately 69 million metric tons of carbon dioxide annually. Although there has been positive progress in clean energy usage, significant environmental issues remain.

Although nuclear energy is non-renewable, it accounts for 9% of the energy used for Bitcoin mining. Additionally, Geothermal Energy is also promoting the use of clean energy in Bitcoin mining, such as in El Salvador. However, coal still accounts for 22% of energy usage, which is a decrease from 40% in previous years.

Traders are now anticipating Tesla to reintroduce Bitcoin payments, as Musk initially suspended Bitcoin payment in May 2021 due to environmental concerns. Therefore, after Bitcoin miners reach the 50% renewable energy threshold, many believe Tesla may take action.

Musk has been identified by Trump as the leader of the newly established Department of Government Efficiency (DOGE), as he actively campaigned for Trump during the USA presidential election in November. Under Trump's victory, he has promised to adopt a more favorable stance towards Bitcoin and Cryptos, paving the way for bright prospects in crypto regulation.

The potential returns from Bitcoin payments may be influenced by geopolitical and economic factors, and the relationship between Musk and Trump may play a role in shaping future Bitcoin and digital asset regulatory policies. Moreover, Trump's support for Bitcoin has increased the optimism among Bitcoin supporters for favorable regulatory policies.

As Bitcoin miners turn to renewable energy, some industry players like Riot Platforms and MARA Holdings are increasing their investments in sustainable energy. Despite the increase in the use of clean energy, Bitcoin mining remains an expensive investment due to the Global energy crisis. Additionally, with rising Operation costs, mining companies continue to purchase Bitcoin to solidify their positions.

MicroStrategy increases its shareholding by 2,138 Bitcoins, maintaining its Buy strategy.

Wall Street-listed whale MicroStrategy continues to significantly increase its shareholding in Bitcoin, investing an additional $0.209 billion to acquire 2,138 Bitcoins.

According to the announcement, the average purchase price of these Bitcoins was $97,837. Moreover, these Bitcoins were purchased between December 23 and 29, 2024, bringing the company's total Bitcoin holdings to 446,400, valued at approximately $41.8 billion based on current market prices.

MicroStrategy sold 592,987 shares of Stocks to fund this acquisition, with net proceeds of approximately 0.209 billion USD. As of December 30, the company plans to issue 21 billion USD worth of Stock, of which approximately 6.8 billion USD worth of stocks will be available for sale.

The company's co-founder Michael Saylor stated that after reaching the Bitcoin investment target of 42 billion USD, the company will reconsider its capital allocation plan.

Subsequently, MicroStrategy announced plans to hold a special meeting to vote on proposals to enhance the Bitcoin acquisition strategy, which includes increasing the authorized Class A common stock from 0.33 billion shares to 10.33 billion shares, and increasing the authorized preferred stock from 5 million shares to 1.005 billion shares, providing greater flexibility for future Bitcoin purchases.

Since the launch of the 21/21 plan, MicroStrategy has acquired over 194,000 Bitcoins, valued at approximately 18 billion USD, achieving about 42% of its investment target in less than two months.

This acquisition marks the company's eighth consecutive week of Bitcoin purchases. Notably, last week, MicroStrategy purchased 5,000 Bitcoins for 0.561 billion USD, at a time when Bitcoin had not yet been included in the NASDAQ 100 Index.

BitcoinTechnical analysis.

According to Economies.com, the price of Bitcoin currently shows negative trading, suggesting a return to the expected correction Put trend, with a target of $91,000, followed by $87,055 as the next negative point, and noting that the EMA 50 support suggests the bearish wave.

Unless it breaks above $95,195 and then $96,140 and holds above, the wave will remain valid.