Changpeng Zhao’s tweet seems to be in direct response to Elon Musk’s Bitcoin comments earlier this month. Prior to this, Musk revealed that his electric-powered car company, Tesla, would no longer be accepting Bitcoin payments. In addition ...
11 minutes
Binance CEO, Changpeng Zhao (CZ), took on Elon Musk in a Bitcoin-related tweet. Though indirectly yet quite distinctly seemed to question Tesla’s electric-powered cars.
His tweet received an overwhelming amount of support from the crypto Twitter community.
Changpeng Zhao’s tweet seems to be in direct response to Elon Musk’s Bitcoin comments earlier this month. Prior to this, Musk revealed that his electric-powered car company, Tesla, would no longer be accepting Bitcoin payments. In addition, Musk cited Bitcoin’s crypto’s excessive energy consumption as the reason behind the decision.
Musk’s comments sent Bitcoin price tumbling, dragging down the entire crypto market with it, and sparked widespread concerns.
Even, NGO Greenpeace decided to stop accepting Bitcoin donations. While China renewed its battle against Bitcoin miners, for the same reason.
Read our blog on Cryptocurrency Documentaries
However, Changpeng Zhao’s response seems to point out the hypocrisy shown by both Musk and Tesla. At the time of writing, almost 40k Twitter users agreed with Changpeng Zhao’s.
Another user @JeffKirdeikis also responded to Changpeng Zhao’s pointing out that Bitcoin is more energy efficient compared to traditional finance.
In fact, a separate study by Greenpeace and WWF showed that banks cause more pollution than Bitcoin.
Meanwhile, Musk partnered with MicroStrategy CEO Michael Saylor, and some North American Bitcoin miners to form the Bitcoin Mining Council. It is speculated that perhaps in an act of damage control, Musk aims to improve reporting Bitcoin energy consumption.
Written By
Jay is a seasoned crypto entrepreneur and technology innovator. As the Founder and CEO of Botsfolio, he has been at the forefront of the blockchain revolution since 2017. His practical experience extends to the technical nuances of crypto mining, having successfully built and managed a substantial GPU mining operation. Jay developed a groundbreaking decentralised application for fractional real estate NFTs. This innovative project garnered significant recognition. Through his hands-on experience and analysis, he aims to provide valuable guidance and empower others to navigate the dynamic crypto landscape.
You Might Also Want To Read
Bitcoin grows stronger with nodecount touc...
As per the latest data released from Bitcoin network tracker Bitnodes.io, on July 5 the number ...
Botsfolio
9 minutes
Microstrategy will pump another $500 milli...
MicroStrategy currently holds the most Bitcoin on its balance sheet out of all publicly traded ...
Botsfolio
8 minutes
Which country is most interested in bitcoi...
The country with the largest population in Africa seems to be interested in cryptocurrencies co...
Botsfolio
9 minutes
BTC Price Analysis : Will bitcoin hit $38k...
Over the past week, Bitcoin shed 4.21% of its value and was trading in the $33k range. While se...
Botsfolio
7 minutes
At $50B, Dogecoin market cap bigger than B...
Dogecoin (DOGE) has been making news in April. Initially, it was trading in its usual $0.05 ran...
Botsfolio
7 minutes
XRP Price Analysis - How high will it go?
XRP’s value has plunged by nearly 40%, from the peak of $1.70. This crash has cost many investo...
Botsfolio
9 minutes
You Might Also Want To Read
Bitcoin grows stronger with nodecount touc...
As per the latest data released from Bitcoin network tracker Bitnodes.io, on July 5 the number ...
Botsfolio
9 minutes
Microstrategy will pump another $500 milli...
MicroStrategy currently holds the most Bitcoin on its balance sheet out of all publicly traded ...
Botsfolio
8 minutes
Which country is most interested in bitcoi...
The country with the largest population in Africa seems to be interested in cryptocurrencies co...
Botsfolio
9 minutes
BTC Price Analysis : Will bitcoin hit $38k...
Over the past week, Bitcoin shed 4.21% of its value and was trading in the $33k range. While se...
Botsfolio
11 minutes
At $50B, Dogecoin market cap bigger than B...
Dogecoin (DOGE) has been making news in April. Initially, it was trading in its usual $0.05 ran...
Botsfolio
10 minutes
XRP Price Analysis - How high will it go?
XRP’s value has plunged by nearly 40%, from the peak of $1.70. This crash has cost many investo...
Botsfolio
10 minutes
With any investment, your capital is at risk. The value of your portfolio with Botsfolio can go down as well as up and you may get back less than you invest. Past performance is no guarantee of future results. Read our (investment risk disclosure ) for more information. By using this website, you accept our (Privacy Policy) (Terms & Conditions) .
© 2024 © Botsfolio