Elon Musk Gushes About Bitcoin 'Energy' Demands—Years After Environmental Gripes

Elon Musk praised Bitcoin’s energy foundation years after criticizing crypto’s power consumption and halting Tesla BTC payments.

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💡 DMK Insight

Musk's recent praise for Bitcoin's energy foundation suggests a notable shift in his perspective, potentially signaling a broader acceptance of the cryptocurrency's evolving sustainability efforts. This could reshape sentiment among investors who have been wary of crypto's environmental impact, opening the door for renewed interest and investment in Bitcoin. As the market continues to grapple with regulatory and environmental concerns, Musk's endorsement may serve as a pivotal moment for the crypto community, emphasizing the importance of innovation in energy use.