Bitcoin Future of Energy – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides


The stage has been set for Bitcoin to incentivize renewable energy and power a greener future. Tesla and Elon Musk have the technology and ingenuity to solve one of the greatest challenges facing humanity. A dawn of optimism and hope is coming into focus.

In February 2019, Cathie Wood (CEO of Ark Invest) interviewed Elon Musk on the ARK Investment podcast, “FYI – For Your Innovation.” Elon said, “I’m not sure it would be a good use of Tesla’s resources to get involved in crypto. We are really just trying to accelerate the advance of sustainable energy.”

I’m not sure it would be a good use of Tesla’s resources to get involved in crypto. We are really just trying to accelerate the advance of sustainable energy. And I think, actually, one of the downsides of crypto is that, computationally, it is quite energy intensive. So, there has to be some kind of constraints on the creation of crypto, but it’s very energy intensive to create the incremental Bitcoin, at this point. – Elon Musk | FYI – For Your Innovation | Feb 19, 2019

Two years later, Tesla has since added $1.5 billion of bitcoin to its balance sheet and now accepts bitcoin as payment. Since then, the company has been raked over the coals by environmentalists and critics, who were triggered by the move.




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