Elon Musk Conveniently Ignored Bitcoin's Inconvenient Truth

When electric carmaker Tesla Inc. said in February it would buy $1.5 billion worth of Bitcoin and start accepting it as payment, billionaire boss Elon Musk had little to say about the cryptocurrency’s wasteful energy consumption — despite the obvious inconsistency with his firm’s green credentials.

And when fellow Bitcoin bulls Jack Dorsey and Cathie Wood last month backed a report claiming that combining cryptocurrency mining and renewable-energy projects could be good for the environment, Musk praised the paper as “true,” even though its optimistic and overconfident assumptions smacked of greenwashing.