Researchers allege Bitcoin’s climate impact closer to ‘digital crude’ than gold

Researchers allege Bitcoin’s climate impact closer to ‘digital crude’ than gold

Researchers allege Bitcoin’s climate impact closer to ‘digital crude’ than gold By Cointelegraph

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Cryptocurrency 15 minutes ago (Oct 01, 2022 02:00AM ET)

Researchers allege Bitcoin’s climate impact closer to ‘digital crude’ than gold

The Bitcoin (BTC) bashing has continued unabated even in the depths of a bear market with more research questioning its energy usage and impact on the environment.

The latest paper by researchers at the department of economics at the University of New Mexico, published on Sept. 29, alleges that from a climate-damage perspective, Bitcoin operates more like “digital crude” than “digital gold.”

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Researchers allege Bitcoin’s climate impact closer to ‘digital crude’ than gold

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