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Bitcoin’s climate reckoning
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Bitcoin’s climate reckoning

DEEP-DIVE: Whatever the motive, Elon Musk’s bitcoin broadside can only be A Good Thing for cryptocurrencies and the climate

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Seb Kennedy
May 14, 2021
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Energy Flux
Bitcoin’s climate reckoning
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The bitcoin energy debate is going full-throttle mainstream. Tesla CEO Elon Musk triggered a mass sell-off after tweeting that the electric car manufacturer won’t be accepting bitcoin for purchases due to concerns over the “increasing use of fossil fuels” for mining and transactions:

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