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Opinion

Elon Musk is the Bitcoin-buying hypocrite we deserve

Tesla's vow to promote sustainable energy undermined by cryptocurrency purchase

| North America
Tesla has made Bitcoin mining 20% more lucrative.   © Reuters

Yuriy Humber is president of Yuri Group and founder of the Japan NRG platform, which publishes weekly reports about the state of energy and electricity in Japan.

In the same filing in which Tesla announced its purchase of $1.5 billion worth of Bitcoin, the car company reiterated that its mission is to "accelerate the world's transition to sustainable energy." The two do not sit comfortably together.

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