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Seeking Alpha
2021-05-13 18:35:05

Bitcoin Vs. Ethereum: Tesla Flip-Flop 'Cancels' The Bull Case For BTC

Tesla, Inc. is suspending payments via bitcoin citing environmental impact concerns.The move undermines one of the key bullish themes for bitcoin which was the trend of corporations buying bitcoin to hold on their balance sheets.A new spotlight on bitcoin's growing energy consumption requirement may ultimately make it taboo based on its ESG liability.Ethereum is a winner as an alternative to bitcoin with a more energy-efficient protocol.

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