De Nederlandsche Bank
Climate and Environment
No, Bitcoin Is Not Green Money! Yes, It Needs To Reinvent Itself!
Bitcoin used the most energy of any cryptocurrency in 2020, producing as much as 59.9 million tons of CO2. 299.6 million trees would've needed to be planted to offset this volume. Bitcoin is an incredibly unsustainable cryptocurrency. Studies suggest that the cryptocurrency's carbon footprint is as large as some of the world's biggest cities. This needs to be changed if Bitcoin wants a future in the dawning law-carbon cybersocie
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