Elon Musk: Crypto Leaders Need to Ensure the Bitcoin Boom Is Sustainable
Authors Rob Chang and Brittany Kaiser Recently, Elon Musk announced that Tesla’s purchases and transactions with Bitcoin would be paused until the network “transitions to more sustainable energy.” Though Musk is one of the blockchain industry’s biggest advocates, his criticisms of the Bitcoin network’s energy usage are joining a growing choir of voices pressuring industry leaders to take action. Accompanying every large crypto boom, and the renewed financial industry and public attention it inspires, comes the hand-wringing about what this future of finance is ultimately reaping and...
Source: benzinga.com