Elon Musk and Cathie Wood disagree on bitcoin’s climate impact

Sometimes it seems like bitcoin is worth whatever Tesla founder Elon Musk and star stock picker Cathie Wood say it is. A host of crypto assets took a hit yesterday when Musk said the electric car company would stop accepting bitcoin as payment until it is produced using more sustainable sources of energy. “We are concerned about rapidly increasing use of fossil fuels for bitcoin mining and transactions, and especially coal, which has the worst emissions of any fuel,” Musk said on Twitter.