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EV start-up Fisker will not accept or invest in bitcoin, CEO says

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Electric vehicle start-up Fisker does not plan to invest in bitcoin or accept the cryptocurrency as payment, according to CEO and founder Henrik Fisker.

Fisker said bitcoin is not “sustainable,” echoing environmental concerns raised last week by Tesla CEO Elon Musk due to concerns over the use of fossil fuels for bitcoin mining.

“I just don’t think it’s a sustainable solution,” Fisker said Monday during CNBC’s “Closing Bell.” “It’s not environmental-friendly and we would not do that.”

Bitcoin uses more energy than entire countries such as Sweden and Malaysia, according to the Cambridge Bitcoin Electricity Consumption Index. Fisker said such use doesn’t align with the company’s mission of…



Source cnbc.com

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