, Columnist
Will Tesla Still Be Holding On to Its Bitcoin in 2060?
Elon Musk has lost sight that Bitcoin mining arrays are powered via grids that don't distinguish between fossil fuels and alternatives.
Holding on for dear life? A really renewable-energy version of Bitcoin might take that long.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Shouldn’t the world’s biggest electric-car manufacturer know how a power grid works? You’d hope so, but Elon Musk’s latest foray into cryptocurrency commentary makes you wonder.
Just days after promoting Dogecoin on Saturday Night Live and asking his Twitter followers whether he should accept payments in the Shiba Inu-based digital token, the world’s most prominent Bitcoin bull dumped on the digital currency on the same social platform, helping prompt a 15% fall to its lowest price level in three months.