Bitcoin Far From An Eco-Friendly Cryptocurrency

For those that invested in Bitcoin in its early stages, they sit at the comfort of the higher prices. However, the latest investments poured in at average prices of $52k (e.g., Square – $150 million investment), $52.6k (e.g., Microstrategy – $1 billion investment), or $40k (estimated price paid by Tesla on its investment).

No matter how you put it, all these funds are in for a profit. Until Bitcoin solves its electricity consumption issue, it will be threatened by governmental regulation to do so. Thus, it is still poised to remain a volatile currency.

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Craig Newman 2 months ago Member's comment

It's profit we don't care and people hate because they never got in and made money

Dick Kaplan 2 months ago Member's comment

Check out this chart on just how much the banking industry consumes in energy consumption each year. It's far higher than any other industry: