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13Aug2021 Pre-Market Commentary: Wall Street Futures Are Slightly Higher This Morning, Biggest Premarket Movers: Disney, Airbnb, 23andMe, DoorDash, DOW Up 61 Points, Nasdaq -0.05%, WTI Crude 68.81, Bitcoin Steady At 46600

13Aug2021 Pre-Market Commentary: Wall Street Futures Are Slightly Higher This Morning, Biggest Premarket Movers: Disney, Airbnb, 23andMe, DoorDash, DOW Up 61 Points, Nasdaq -0.05%, WTI Crude 68.81, Bitcoin Steady At 46600
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Elon Musk and Cathie Wood disagree on bitcoin's climate impact — Quartz


May 13, 2021
Sometimes it seems like bitcoin is worth whatever Tesla founder Elon Musk and star stock picker Cathie Wood say it is. But what happens if they disagree?
A host of crypto assets took a hit yesterday when Musk said the electric car company would stop accepting bitcoin as payment until it is produced using more sustainable sources of energy. “We are concerned about rapidly increasing use of fossil fuels for bitcoin mining and transactions, and especially coal, which has the worst emissions of any fuel,” Musk said on Twitter. The mercurial entrepreneur said Tesla, which makes a large chunk of its profit from selling carbon tax credits, wouldn’t sell its bitcoin holdings and would investigate other crypto assets that use less energy. ....

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