Is Bitcoin bad for the environment?

Date:

The BBC’s Ros Atkins looks into Bitcoin’s affect on the environment after Tesla suspended vehicle purchases using Bitcoin due to climate change concerns.

After CEO Elon Musk’s tweet, Bitcoin fell by more than 10% after the tweet, while Tesla shares also dipped.

Tesla’s announcement in March that it would accept the crypto-currency was met with an outcry from some environmentalists and investors.

The electric car-maker had in February revealed it had bought $1.5bn (£1bn) of the world’s biggest digital currency.

Share post:

Subscribe

Popular

More like this
Related

Nubit Unveils Bitcoin Thunderbolt: The Most Groundbreaking Paradigm Shift Matters to Bitcoin in the Past 10 Years

Bitcoin, long considered the pioneer of decentralized finance, continues...

Trump Live Updates: Supreme Court Rejects Foreign Aid Freeze and Latest Tariff News

To counter President Trump’s first major address of his...

2025 NFL Draft scouting report: Derrick Harmon, DT, Oregon

Nate Tice: Derrick Harmon transferred from Michigan State and...

New research outfit puts trade finance on a “security footing”

Our privacy commitments This Privacy Policy outlines the information we...