Cynthia Lummis believes the main cryptocurrency is mistakenly criticized for being green.
Wyoming Republican Senator Cynthia Lummis, on the Reason podcast, endorsed bitcoin and named the advantages of the main cryptocurrency.
The digital coin could contain the devaluation of the US dollar and other fiat currencies, Lummis said.
The senator also claims that bitcoin is mistakenly criticized for being environmentally friendly, since, on the contrary, the cryptocurrency stimulates the creation of new renewable energy sources in states such as Wyoming.
In May, Tesla company refused from using Bitcoin for non-ecological method of their production.
Tesla & Bitcoin pic.twitter.com/YSswJmVZhP
— Elon Musk, the 2nd (@elonmusk) May 12, 2021
The CEO of the company, Elon Musk, said that Tesla cannot afford to harm the environment, so it will not accept cryptocurrency as payment until it starts mining with renewable energy sources.
In June, the businessman confirmed that Tesla intends to resume accepting bitcoin when more than half of miners switch to renewable energy sources. The automaker now owns $ 1.6 billion in bitcoin, according to Bitcoin Treasuries.
Did you see?
Elon Musk is catching flak again, but what’s it for this time? Sygnia CEO Magda Wierzycka lambasted him saying “What we have seen with Bitcoin is price manipulation by one very powerful and influential individual.” https://t.co/W5WYgGnKPR
— Cointelegraph (@Cointelegraph) June 13, 2021