The CEO’s decision prompted some unease amongst investors, who likely fear the increasingly green world could hamper its viability.
Experts have rubbished unease, however, stating Bitcoin miners can use less polluting production methods.
Pavel Matveev, CEO of Wirex, a digital payment platform, said most of Bitcoin’s energy consumption is carbon neutral.
He said: “Many crypto-enthusiasts are challenging Bitcoin’s negative environmental impact reputation, citing that the majority of energy used to mine bitcoin is clean and renewable.”
