Kraken is one of the largest crypto exchange platforms in the region. Jesse Powell, Kraken CEO, who has also claimed that his company would become publically traded until 2022, has gotten into a feud with Elon Musk. Speaking to Journalists at an event, Jesser Powell remarked the Elon Musk should read more about the Bitcoin blockchain and find facts about the Bitcoin massive energy consumption myths.

The Tesla CEO has gone under fire from the crypto community for denying any more Bitcoin payments for Tesla products last month. The electric car manufacturer started accepting Bitcoin payments in March and stopped it last month on account of the high CO2 emissions. However, Musk tweeted a few days ago that Tesla would resume Bitcoin payments when there is enough evidence that Bitcoin has ample green energy projects.

Jesse Powell Told Media that People who Came into Crypto Markets for Quick Gains Sold First

Jesse Powell fully intends to go on a head-to-head battle with Tesla CEO Elon Musk. Talking to journalists, he remarked that in the first quarter of 2021, more users have signed up on Kraken than the entire 2020. He also agreed that the crypto market was running out of gas and stepped out of the bullish territory. However, he maintained that the flagship crypto and altcoins could have a grand comeback.

Adding fuel to the fire, he claimed that many people took to the crypto markets for a quick gain. All such people have sold out their stash as soon as the market became rife. However, serious traders have shown restraint and resilience. They are still holding on to their long positions. 

Elon Musk has Responded to the Caustic Remarks made by Kraken CEO Jesse Powell

Tesla CEO Elon Musk took to Twitter to claim that he wants to know that what are the basis of facts shared by Jesse Powell. He said in a tweet that he would like to get the sources that prove that Bitcoin comprises a good amount of green energy. Tesla’s CEO has been criticized recently for pumping and dumping the crypto market.

His tweets have a major impact on the price rally of the market both ways. He has also threatened the community by selling all his Bitcoin reserves. However, it has not happened to date. Meanwhile, the anonymous hacking group has also posted a warning for Musk to stop playing games with the lives of people by crypto market manipulation.