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.
- September 50 BPS Fed Rate Cut Odds Climb Ahead of CPI, PPI Data
- Michael Saylor Spotlights Strategy’s Performance Following S&P 500 Snub
- Donald Trump Shortlists Hassett, Warsh, and Waller for Fed Chair
- Ethena Labs Secures Fresh Funding From ArkStream Capital, ENA Price Spikes
- SEC Forms International Task Force to Crack Down on Pump-and-Dump Schemes
- Solana Price Prediction: Will Solana Hit $320 as SOL Strategies Gains Nasdaq Approval?
- XRP Price Forecast: Analyst Eyes $127 as BlackRock Joins Ripple Swell 2025
- Chainlink Price Eyes $55 as Reserve Holdings Jump With 43,937 LINK Addition
- Cardano Price Targets 30% Surge as Top Economist Calls for Fed Cut
- ETH Price Forecast as Grayscale’s Covered Call Ethereum ETF Spurs Optimism — Is $8,500 in Sight?