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


The bitcoin price has soared in 2021



  • 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.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

Bitcoin’s energy consumption is comparable to that…


Source link

About bitcoin

Check Also

Giant Bitcoin 'Taproot Wizard' NFT Minted in Collaboration With Luxor Mining Pool – CoinDesk

Please note that our privacy policy, terms of use, cookies, and do not sell my …

Leave a Reply

Your email address will not be published. Required fields are marked *