Elon Musk suggests Tesla is committed to holding the Bitcoin he criticized last week

Elon Musk wasn’t exactly the most popular person amongst Bitcoiners last week. He spent several days criticizing Bitcoin’s energy usage (so much so that he walked back Tesla’s earlier decision to accept Bitcoin for vehicles), and pumping up his favorite altcoin, Dogecoin. Now, as the Bitcoin market takes a massive plunge, Elon says that he’s not selling Tesla’s Bitcoin holdings.

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Bitcoin mining operation criticized by Musk will go carbon neutral

Elon Musk announced this week that Tesla would pause accepting Bitcoin for Tesla purchases, citing the cryptocurrency’s energy usage. He also specifically criticized one fossil fuel power plant in New York, which as Arstechnica reported, was revived to mine Bitcoin. Now the firm behind that plant, Greenidge, is already making moves.

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Opinion: Something doesn’t add up on the Elon Musk ‘Tesla & Bitcoin’ story

I don’t know what it is, but we’re missing something on the recent decision by Tesla and Elon Musk to walk back the company’s decision to accept Bitcoin as payment for Tesla vehicles. The series of events so far just don’t make sense, for many reasons. Let’s walk through it.

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