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Bitcoin Will Help Solve Climate Crisis

Bitcoin Will Help Solve Climate Crisis

The Bitcoin network is more efficient compared to our current financial system, so any concerns about its energy use are completely unfounded.

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In this article, we are going to dive into Bitcoin’s impact on the environment.

The media has relentlessly attacked Bitcoin since its inception, basing their attacks on its energy consumption. One popular argument is that Bitcoin is too energy-intensive. The Guardian, “A single bitcoin transaction uses the same amount of power that the average American household consumes in a month.” Columbia University writes, “One Study warned that Bitcoin could push global warming beyond 2°C.” And one Newsweek article even says, “Bitcoin mining is on track to consume all of the world’s energy by 2020.”

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