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Breaking news: Ethereum Developer Virgil Griffith Pleads Guilty to Conspiracy Charge in North Korea Sanctions Case

Et tu, Elon? What’s Really Behind Tesla’s Bitcoin Betrayal

Tesla has stopped accepting bitcoin due to environmental concerns – or so it says.

Listen on:

On this episode

Tesla has stopped accepting bitcoin due to environmental concerns – or so it says.

This episode is sponsored by Nexo.io and Bitstamp.

Crypto Twitter exploded last night when Elon Musk announced Tesla was backtracking and would no longer be accepting bitcoin as payment for cars. The debate came fast and furious about whether this was genuine environmental concern and, if so, how Elon was just discovering it now. On this episode, NLW looks at other interpretations, including:

  • Elon playing 4D chess with the price
  • The simple vagaries of an eccentric billionaire
  • Pressure to remain in ESG portfolios
  • Shifting government narratives

See also: Elon Musk and Vitalik Buterin’s Moves Send Ripples Across Crypto Markets and More

Image credit: rudall30/iStock/Getty Images Plus

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