Is Bitcoin bad for the environment?

Date:

The BBC’s Ros Atkins looks into Bitcoin’s affect on the environment after Tesla suspended vehicle purchases using Bitcoin due to climate change concerns.

After CEO Elon Musk’s tweet, Bitcoin fell by more than 10% after the tweet, while Tesla shares also dipped.

Tesla’s announcement in March that it would accept the crypto-currency was met with an outcry from some environmentalists and investors.

The electric car-maker had in February revealed it had bought $1.5bn (£1bn) of the world’s biggest digital currency.

Share post:

Subscribe

Popular

More like this
Related

ITV in talks to sell television business to Sky

ITV has said it is in "preliminary" discussions to...

Elon Musk’s $1tn pay deal approved by Tesla shareholders

Lily Jamali,North America Technology correspondent, Liv McMahon,Technology reporter and...