Bitcoin, Banks Or The US Dollar: Which Has The Biggest Carbon Footprint? – Investing.com

Bitcoin, Banks Or The US Dollar: Which Has The Biggest Carbon Footprint? – Investing.com

Last week, Elon Musk’s tweet triggered a downfall in . He said that Tesla (NASDAQ:) no longer accepted BTC as payment. The reason for the reversal was the ecological impact that Bitcoin miners had. But how real is it?

Galaxy Digital conducted research that compared the amount of energy consumed by Bitcoin miners to miners and the banking system. Bitcoin was the least toxic:

Thanks to its decentralization, Bitcoin offers a range of unarguable benefits against traditional systems, especially for people living in authoritarian regimes.