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Bitcoin price: Elon Musk argument ignores 'nuance' of Bitcoin derivatives – expert


Adrian Patten, co-founder and chairman of Cobalt, a critical risk and settlement infrastructure provider, acknowledged the currency’s unwieldy nature.

But he said Bitcoin derivatives are paving the way for environmentally friendly decentralised transactions.

He told Express.co.uk: “While Tesla has raised legitimate concerns about the energy usage of Bitcoin, resulting in a huge dip across the digital asset market, there are some nuances the statement doesn’t take into account.

“Firstly, there has been a huge growth in the Bitcoin derivatives market, especially on the institutional side.





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