Cathie Wood, the founder of Ark Investment Management, believes the move was dictated by some very pragmatic reasons, as she said in a Consensus 2021 interview with Nathaniel Whittemore:
“Elon probably got a few calls from institutions,” Wood said. “I noticed that BlackRock is [Tesla]’s number three shareholder and Larry Fink is the CEO. He is focused on ESG and especially on climate change. I’m sure BlackRock registered some complaints and perhaps there are some very large holders in Europe who are extremely sensitive to this.”
In setting up the Bitcoin Mining Council, some wondered if Musk and his fellow founder-whale Michael Saylor wanted to centralize bitcoin mining. This is hardly possible (for now). However, attempts to create various whitelists and blacklists for bitcoin, depending on how "green" or dirty, sanctioned or politically clean they are and so on, might harm bitcoin’s core value: borderless money with no rulers to control it.
Ben, Anna and Danny discuss these and other topics related to the heavily controversial bitcoin environmental agenda.
Ben Schiller’s Twitter handle is: @btschiller
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