Why does the media’s gullibility still surprise me?

A clever engineer such as Mr Musk didn’t just now realise that mining Bitcoin was energy intensive.

It’s coincidental that this was announced the same day when U.S. authorities announced they are investigating the worlds largest crypto exchange, Binance.

I think since many speculate on the direction of crypto, I’ll speculate that Tesla (or Mr. Musk) have concluded that accepting Bitcoin as payment will be an administrative and regulatory nightmare.

May 17, 2021
by Rob Zdravevski
rob@karriasset.com.au

https://www.bloomberg.com/news/articles/2021-05-16/musk-implies-tesla-may-sell-or-has-sold-bitcoin-holdings?sref=qLOW1ygh