Jessel Powell, the CEO of Kraken suggested that Elon Musk should take his time to learn more about Bitcoin mining as he is of the opinion that Bitcoin is greener than people understand.
In a recent interview lately, Jessel Powell, the CEO of Kraken mentioned that Elon Musk should read more about Mining of Bitcoin as it is a lot verdant than people think. The administrative also acknowledged that after the latest bull run, the crypto market has change state.
Elon Musk Should Learn More About Bitcoin Mining.
Elon Musk, the CEO of Tesla company stopped bitcoin payment last month and he stated his ecological bother. He has being continuously hammering on the giant energy utilization that bitcoin mining needs, and his opinion still stands despite the argument from various Tweets.
Although, he made a positive assurance that the company will begin to accept bitcoin payments as soon as greater number of bitcoin start coming from renewable energy.
Jesse Powell appears to think that Bitcoin is much greener than people imagine. During his discussion with Bloomberg, he stated that Elon Musk should read more about Bitcoin mining as it is doing much when it comes to renewable energy consumption.
“I think there could be greener alternatives. However, I think bitcoin is a lot greener than people give it credit for. It is a way to capture a lot of discarded and lost energy. It is a way to bootstrap renewables. I think it’s doing a lot for the renewable energy sector.
I don’t know for how long Elon has been studying this, but I think he’s got some more studying to do on this topic.”