Elon Musk and Cathie Wood disagree on bitcoin’s climate impact
Sometimes Bitcoin seems worth whatever Tesla founder Elon Musk and star stock picker Cathie Wood say. A wide variety of crypto assets were hit yesterday when Musk said the electric car company would stop accepting Bitcoin as payment until it is made using more sustainable energy sources. "We are concerned about the rapidly increasing use of fossil fuels for bitcoin mining and transactions, and particularly coal, which has the worst emissions of any fuel," Musk said on Twitter.
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