Elon Musk Questions Kraken CEOs Claims On Bitcoin’s Greenness

By Sunil Sharma
Published June 17, 2021 Updated June 17, 2021
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Elon Musk Questions Kraken CEOs Claims On Bitcoin’s Greenness

By Sunil Sharma
Published June 17, 2021 Updated June 17, 2021

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.

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.

 

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Sunil Sharma
287 Articles
Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO's in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at) coingape.com

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