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Tesla’s Kimbal Musk says company was ‘very ignorant’ of environmental impact of its Bitcoin purchase


In an interview with TechCrunch onstage at the Ethereum Denver conference, Tesla board member Kimbal Musk, brother of CEO Elon Musk, said that the company had been “very ignorant” of the environmental impact of Bitcoin when it announced last year that it would purchase $1.5 billion worth of the cryptocurrency and would plan to allow owners to purchase the company’s vehicles with the currency.
“When we invested in Bitcoin, we were very ignorant. We had no idea of the environmental impact, we literally didn’t know, we were like this seems like a good store of value and a good way to d …

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