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Tesla's Bitcoin about-face is a warning for cryptocurrencies that ignore climate change

  • Written by: John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society and NATSEM, University of Canberra
Tesla's Bitcoin about-face is a warning for cryptocurrencies that ignore climate changeShutterstock

Over the weekend, Tesla chief executive Elon Musk suggested his company could sell off its Bitcoin holdings, sending the cryptocurrency plummeting.

It followed Musk’s announcement earlier this month that his company would no longer accept Bitcoin in payment for its electric cars, due to the fossil fuels needed to create the...

Read more: Tesla's Bitcoin about-face is a warning for cryptocurrencies that ignore climate change

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