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Seeking Alpha 2021-05-25 05:57:13

Mother Earth And Bitcoin

It is said that Bitcoin will boil the oceans since it uses too much energy.Further, Elon Musk recently voiced his concerns about Bitcoin energy use.But, comparatively speaking, Bitcoin is energy efficient and even friendly.Plus, Bitcoin miners are incentivized to source cheap (renewable) energy.Even more, Bitcoin is rapidly adjusting to ESG concerns and could also easily be a financial backstop for excessive, overbuilt renewable energy.

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