Claim BonusElon Musk Questions Kraken CEOs Claims On Bitcoin’s Greenness
Elon Musk is not changing his stand on Bitcoin’s negative environmental impact and in a fresh tweet he questioned Kraken CEO Jesse Powell. Kraken CEO in a recent interview to Bloomberg claimed that Bitcoin is greener than critics say.
Based on What? Asks Elon to Jesse
Billionaire Elon Musk after whole supporting Bitcoin took an U Turn citing Bitcoin large energy consumption and negative impacts on environment. Later Tesla, founded by Elon Musk also disabled Bitcoin payments due to same reasons.
Based on what data?
— Elon Musk (@elonmusk) June 17, 2021
While, Elon Musk recently gave a lifeline to bitcoin investors by confirming that Tesla is not selling anymore Bitcoin but he still remains a critique of Bitcoin’s environmental impact. This is clear from his active participation to claims about Bitcoin pro environmental status.
When, asked about his position on Bitcoin and Elon, Kraken CEO Jesse Powell told Bloomberg, that Bitcoin is greener than critics are saying and Elon Musk has more studying to do in this matter.
Well, as expected Elon stood by his position on Bitcoin and asked, “Based on What?” Does this mean Elon is anti-Bitcoin? No, not at all, atleast based on recent events.
Also, in a latest tweet he announced, Tesla would start accepting Bitcoin payment again once Bitcoin reached 50% clean energy usage.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Crypto Platforms Polymarket and Kalshi Hit With Cease-and-Desist Orders in Tennessee
- Binance Founder CZ Says ‘Super Cycle’ Incoming as VanEck Unveils $2.9M Bitcoin Target
- Will Bitcoin Crash or Rally? Top 3 Events to Watch This Week
- CLARITY Act Markup: Senate Banking Committee Issues Official Notice for Jan. 15
- Trump Tariffs: US Treasury Able to Refund Amid Crypto Market Crash Concerns
- XRP Price Outlook Ahead of Jan 15 CLARITY Act Vote
- Bitcoin Price Prediction: Digital Gold in Focus Amid US Strategic Crypto Reserve Talks
- Pi Network Price Prediction Ahead of 2026 First Upgrade
- Why Is Polygon (POL) Price Up Today? Here’s What’s Fueling the Surge
- What’s Keeping XRP Price Below $3 After a Significant Jan 2026 Rally?
- Top Crypto Analyst Predicts Cardano Price Can Hit $10: Will It?
