Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

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What's going on, guys? It is Sunday, February 14th, happy Valentine's Day, and that means

it's time for long reads Sunday. When Tesla announced its Bitcoin buy earlier this week,

one of my predictions was that while in the long term, Tesla being

involved in Bitcoin was likely to cause a good number of people to reevaluate their

priors as it related to Bitcoin's energy consumption. In the short term, it was way more likely

to make people reevaluate their stance on Elon and Tesla's sincerity around being a green

company. And boy, has that been so.

Mainstream media's favorite follow-up article to this week was all about Elon's green hypocrisy.

Reuters wrote, Elon Musk wants clean power, but Tesla's carrying Bitcoin's dirty baggage. The Verge,

Tesla's $1.5 billion Bitcoin purchase clashes with its environmental aspirations.

And then there's this cherry from the BBC.

Bitcoin consumes more electricity than Argentina.

My read today is from a man who has spent most of his week fud fighting, first in print and then on TV.

Here is Nick Carter's essay on CoinDesk, What Bloomberg Gets

What Bloomberg Gets wrong about Bitcoin's climate footprint. One last note, this was actually

written before the whole Tesla thing happened. It was like he was prepared for it.

Recently, Bloomberg published a piece calling Bitcoin an incredibly dirty business.

It's undeniable that the Bitcoin blockchain has a carbon footprint.

Some Bitcoins are mined with non-renewable energy, although plenty is mined with hydro, nuclear,

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