Kraken CEO Jesse Powell was on Bloomberg and one of the issues he discussed was Bitcoin’s energy use, dismissing Elon Musk’s claims and asking him to do some more studying on the topic.
Musk remains unmoved, however, taking to Twitter to state that there’s no data supporting the claim that Bitcoin is as green as Powell believes.
Kraken CEO and founder Jesse Powell believes that Bitcoin doesn’t get the credit it deserves when it comes to being green. Powell believes that BTC ‘bootstraps green energy’ and incentivizes more environmental-friendly energy solutions. He further took a dig at Elon Musk, who has been highly critical of BTC’s energy use, claiming that he should do a bit more studying on the concept.
Powell appeared in an interview on Bloomberg TV where he discussed the current market, Bitcoin’s sell-off, Kraken’s continued progress and of course, Elon Musk.
“People who don’t understand the fundamentals are selling,” says Kraken CEO Jesse Powell. He talks c
