Musk's mixed messages on bitcoin stoke anxieties about cryptos in Corporate America
CNN
Bitcoin, it seemed, was finally ready for prime time. Prices were surging, big payments firms were accepting it, and billionaires such as Paul Tudor Jones and Stanley Druckenmiler were endorsing it as an investment.
But now that Tesla CEO Elon Musk is signaling that he's suddenly wary of the cryptocurrency, what will that mean for the rest of Corporate America? The surprisingly negative comments from Musk about the massive amount of energy required to mine bitcoin (XBT) come after Tesla (TSLA) bought $1.5 billion of the cryptocurrency for its corporate balance sheet — and also after Musk has been busy hyping the value of the meme-driven crypto dogecoin.
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