Elon Musk‘s brother Kimbal Musk, Teslaworth $1.5 billion last year Bitcoin (BTC) He stated that he was unaware of the environmental impact of cryptocurrencies at the time of his purchase!
Kimbal, a member of the Tesla board of directors, that cryptocurrencies have no idea about the climate impact by stating
We were very ignorant when we invested in Bitcoin. We had no idea about the environmental impact. We literally didn’t know. Bitcoin seemed like a good store of value and a good way to diversify assets.
said. Kimbal also added that the blockchain industry is more an environmentally friendly infrastructureor hoping it will pass and Tesla won’t sell any Bitcoin and mining plans to use it for operations as soon as it transitions to more sustainable energy.
Kimbal has served on Tesla’s board of directors since 2004.
As it is known, the company started to accept Bitcoin as a payment method at the end of March last year.
However, a short time later, Tesla announced that he had given up using Bitcoin as a means of payment on the grounds that it harmed the environment.
Elon Musk also said that the company will not sell Bitcoin and that they plan to use Bitcoin for payment transactions as soon as mining becomes more sustainable. However, Tesla turned the corner and sold some of his Bitcoins in the first quarter of 2021.