Cryptocurrencies
Billionaires Push Back at Elon Musk Over Bitcoin While Traders Fume
Retail investors question the Tesla CEO’s decision to stop accepting the digital currency for EV purchases due to concerns over fossil-fuel use.
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A tiff over the environmental credentials of Bitcoin that erupted between two billionaires is filtering into the newly empowered world of retail trading, rankling new investors who have embraced cryptocurrencies.
Elon Musk, the world’s second-richest person, tweeted late on Wednesday that Tesla Inc. wouldn’t take payment in Bitcoin for its electric vehicles. (The billionaire had announced in March that the company would accept the cryptocurrency.)