The Crypto Conversation Elon crashes Bitcoin - The Bitcoin mining energy debate begins
May 13, 2021
13:15
Elon Musk tweeted today that Tesla has suspended vehicle purchases using Bitcoin. He said that Tesla is concerned about the rapidly increasing use of fossil fuels for Bitcoin mining. In response, the crypto markets crashed with Bitcoin falling 12% to $49,000. In this podcast, Andy reacts to Elon's tweets and suggests some resources that argue that Bitcoin mining incentivizes a renewable energy future.
Supporting links:Bitcoin is key to an abundant energy future
The Investors Guide to Bitcoin and the Environment
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