Why Bitcoin May Speed Up the Transition to Renewable Energy
Why Bitcoin May Speed Up the Transition to Renewable Energy FinancialBuzz.com News Commentary Share this article Share this article NEW YORK, May 27, 2021 /PRNewswire/ -- Earlier this year, Tesla was one of the first major corporations to start accepting bitcoin as payment. Yet, after only a few months, Tesla CEO Elon Musk said on Twitter that the Company has suspended vehicle purchases using the cryptocurrency due to concerns over "rapidly increasing use of fossil fuels for bitcoin mining." This has caused the price of bitcoin, and other cryptocurrencies as well, to plummet. The saga continu...
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