# Dear Elon Musk, We don't want you or anyone in charge of Bitcoin

Live Trading News is an independent financial media publication. Masthead: Live Trading News. Parent: Knightsbridge Group. Product cousin: KXCO (kxco.ai). Coverage: markets, policy, AI, quantum, blockchain, FX, biotech, ASEAN. New stories are signed ML-DSA-65 and anchored on Armature L1; articles published before the platform launch are not signed. Nothing on the site is investment advice.

Canonical HTML: https://www.livetradingnews.com/dear-elon-musk-we-dont-want-you-or-anyone-in-charge-of-bitcoin
Last modified: 2021-05-17

---

By Shayne Heffernan · 2021-05-17
Tags: Shayne Heffernan on Investments, Stocks, Politics, Headline News, Top Stories, Shayne Heffernan, Crypto, America, Opinion, Shayne Heffernan, Bitcoin, Todays Trade Ideas, Knightsbridge Insights, Space, Must Read, Most Popular
Signed: no (published before platform launch).
Nothing in this article is investment advice.

Elon Musk was busy this week talking Bitcoin and the reasons he has decided he no longer likes it, he wants it to change form to be more energy efficient as he somehow got it in his head Bitcoin was an environment killer.

The whole purpose of Bitcoin is that it is NOT controlled by some Billionaire, group of Billionaires or anyone, we do not want you in charge of Bitcoin Elon.

![Bitcoin Mining Electricity Consumption](https://livetradingnews-media.nyc3.digitaloceanspaces.com/wp/placeholder.svg)

Maybe while Elon Musk is on his high horse he might want to shutdown the internet and as the worlds data centres are a much bigger consumer of electricity.

Here’s how the share of  each energy type varies across four global regions.

Energy Source

Asia-Pacific

Europe

Latin America

and the Caribbean

North America

Hydroelectric

65%

60%

67%

61%

Natural gas

38%

33%

17%

44%

Coal

65%

2%

0%

28%

Wind

23%

7%

0%

22%

Oil

12%

7%

33%

22%

Nuclear

12%

7%

0%

22%

Solar

12%

13%

17%

17%

Geothermal

8%

0%

0%

6%

Asia Pacific hits directly on Elon's buttons as it is mostly coal powered, but during his anti-Bitcoin gripe he did not mention that Tesla’s sales in China more than doubled last year to $6.66 billion.

Tesla began ramping up production last year at its factory in Shanghai and selling China-made cars to the local market. **Tesla sold** 95,125 cars in **China** over the first four months this year, **Tesla China** would be looking to build 550,000 **cars** in 2021.

All of them would be predominantly powered by Electricity produced by coal.

Elon Musk's hypocrisy on this matter is outstanding, his attempt to be TechnoKing of Crypto will fail, Crypto will remain the land  of the free.

---

This Markdown mirrors https://www.livetradingnews.com/dear-elon-musk-we-dont-want-you-or-anyone-in-charge-of-bitcoin. The HTML page is canonical.
Site index for AI clients: https://www.livetradingnews.com/llms.txt