Musk decries bitcoin's 'insane' energy use

By Hyunjoo Jin and Subrat Patnaik
Updated May 14 2021 - 10:14am, first published 10:10am
If bitcoin were a nation, it would use about as much power a year as Switzerland, analysts say.
If bitcoin were a nation, it would use about as much power a year as Switzerland, analysts say.

Tesla boss Elon Musk has denounced the "insane" amount of energy used to produce bitcoin, doubling down on his sudden rejection of the cryptocurrency as a means of payment over environmental concerns.

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