Bitcoin uses more energy than American Airlines and each $1 billion in inflows is equal to owning 1.2 million cars, Bank of America says | Currency News | Financial and Business News

• Bank of America research shows bitcoin’s immense environmental footprint.
• It is one one of the biggest carbon-emitting sectors, on a par with huge firms and even the US federal government.
• Other less climate-related concerns include use of bitcoin in cybercrime such as money laundering.
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Bitcoin’s energy consumption is comparable to that…