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Elon Musk’s brother: We were very ignorant when we invested in bitcoin

2022/02/27 14:45

According to Cryptoglobe, Kimbal Musk, the brother of Tesla Co-Founder and CEO Elon Musk, says that the electric vehicle manufacturer was originally “very ignorant” of Bitcoin’s environmental concerns when it added BTC to its balance sheet. Kimbal, who is a Tesla board member, was asked at ETHDenver 2022, if Bitcoin’s environmental concerns could push more companies to invest in Ethereum instead of Bitcoin in the future. He replied: “When we invested in Bitcoin, we were very ignorant. We had no idea of the environmental impact. This seems like a good store of value. It’s good way to just sort of diversify assets, and of course, our company is about creating an alternative energy future. So, we really were not informed enough when we made that decision. We don’t necessarily regret it, but we are glad that things are moving in a more environmentally friendly direction.”
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