The head of Kraken said in an interview with Bloomberg that Elon Musk was wrong and it would be worthwhile for him to study Bitcoin mining better
All of this happened after the Tesla CEO canceled Bitcoin payments for electric vehicles due to the fact that mining is too damaging to the environment. 🚘
🌿 Jesse Powell agrees that there are greener alternatives to Bitcoin. But BTC mining is not as critical as they write and say about it. Btc mining develops the renewable energy sector and also recycles large amounts of surplus and wasted energy.
“I don’t know how long Elon has been studying mining, but I hope he does some more research on the topic,” Powell said.