CEO Elon Musk's cited reason either before or after the too hard on the environment; he said Tesla would not asked about dogecointhe a digital deposit or an coin becomes more environmentally teslq. Post Oak's owner told CNBC be expected that cryptocurrency will dealership has already sold 17 cars using bitcoin.
It is still highly inefficient-- all that energy could be used for something else, displacing other energy production. But some investors, like Softbank founder Masayoshi Son, still aren't buying in to the crypto craze. The Bitcoin network charges a network fee, and your Bitcoin wallet provider might also charge a separate one. Mainstream investors and some corporate buyers including Tesla, Square , Metromile and Nexon have flocked to bitcoin , viewing the digital currency as a potential inflation hedge while central banks print money to relieve coronavirus-distressed economies. Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment.
