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(Bloomberg) Elon Musk stepped up his criticism of Bitcoin as environmentally unsustainable while also signaling support for another digital coin and saying he remains a believer in cryptocurrency.
The Tesla Inc. chief executive officer said in a tweet Thursday he worries about “massive use” of coal and other carbon-intensive energy to generate electricity needed to mine digital currency. That followed an earlier Twitter post of a chart from the University of Cambridge showing Bitcoin’s electricity consumption has skyrocketed this year.
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