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Kraken CEO Suggests Musk Needs to Further Explore Bitcoin Mining

Jun.17 — Bitcoin is “much more environmentally friendly than people acknowledge,” Jesse Powell, co-founder and CEO of Kraken Exchange, remarked when asked about Tesla Inc. CEO Elon Musk’s criticism of the digital currency’s power requirements. “I’m not certain how much time Elon has dedicated to this, but there’s room for additional research on this subject,” Powell stated in an interview on Bloomberg Television on Thursday.

Credit: YouTube/Bloomberg Television

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