Ripple’s Garlinghouse disses Bitcoin’s energy use in advance of Biden administration By Cointelegraph

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Ripple’s Garlinghouse disses Bitcoin’s energy use in advance of Biden administration

Published Nov 09, 2020 05:13PM ET Updated Nov 10, 2020 07:20PM ET

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Ripple’s Garlinghouse disses Bitcoin’s energy use in advance of Biden administration

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Ripple CEO Brad Garlinghouse thinks corporations converting cash to Bitcoin (BTC) could be making a costly mistake as a more environmentally-conscious Biden administration takes the White House in January.

Garlinghouse tweeted Monday that the incoming president will be much tougher on climate change, requiring that all publicly-traded companies disclose their greenhouse-gas producing activities. He singled out Square as one company that “may want to pay attention” to new federal guidelines that could get rolled out as soon as Biden takes office.

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Ripple’s Garlinghouse disses Bitcoin’s energy use in advance of Biden administration

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