Electric Cars are Green, But Digital Crypto Currency is Not,Asks Why? - Binance CEO


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.

tweet screenshot

His tweet received an overwhelming amount of support from the crypto Twitter community.

The Tweet Wars and Market Crash

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.

Profit Calculator
Use automated crypto trading strategies

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

Calling Out Myths

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.

tweet screenshot

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.

Invest Smartly with Botsfolio

Put your money to work with Botsfolio. Check products

  1. Sign up
  2. Connect with or Create an account with a currency exchange
  3. Make your crypto trading strategy for free
  4. Start your trading bots and that's it.
  5. We'll take it from there.

Whenever you feel like, open the dashboard to track your investment fund taking shape and bringing in returns.

View Latest Performance of Trading Bots on our Platform.

You Might Also Want To Read

Bitcoin grows stronger with nodecount t…

As per the latest data released from Bitcoin network tracker Bitnodes.io, on July 5 the n…

Which country is most interested in bit…

The country with the largest population in Africa seems to be interested in cryptocurrenc…

Microstrategy will pump another $500 mi…

MicroStrategy currently holds the most Bitcoin on its balance sheet out of all publicly t…

BTC Price Analysis : Will bitcoin hit $…

Over the past week, Bitcoin shed 4.21% of its value and was trading in the $33k range. Wh…

XRP Price Analysis - How high will it g…

XRP’s value has plunged by nearly 40%, from the peak of $1.70. This crash has cost many i…

At $50B, Dogecoin market cap bigger tha…

Dogecoin (DOGE) has been making news in April. Initially, it was trading in its usual $0.…