Electricity Drive: Bitcoin Down Almost 50%
In the past view weeks the price of Bitcoin went from $48,000 down to $26,000! Bitcoin lost almost 50%! This trend came after Elon Musk’s Tesla announced to stop accepting Bitcoin.
“We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” Mr Musk wrote.
“Cryptocurrency is a good idea… but this cannot come at great cost to the environment.”
Tesla & Bitcoin pic.twitter.com/YSswJmVZhP
— Elon Musk (@elonmusk) May 12, 2021
Climate State is no longer accepting Bitcoin donations, our supporters have to use more classic venues again.
Tags: 2021, Bitcoin, Cryptocurrency, Elon Musk, TESLA
Categories: Carbon Dioxide (CO2), Energy
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About the Author: Chris Machens
Chris covers the climate since 2011, and when not posting articles to the site he usually works on our next video production.
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