1/ Bitcoin’s energy consumption is not “wasteful.”
- It is much more efficient than existing financial systems
- No one has the moral authority to tell you what is a good or bad use of energy (ex: watching the Kardashians)
Let's debunk this FUD👇
While the #Bitcoin Purpose ETF started into the week with two exciting days, the last three days have been relatively unexciting. Holdings decreased to about 30.01k $BTC and with that, we are closing the week of traditional finance and thus also Bitcoin ETFs.
The aSOPR looks at an aggregated view of price sold / price paid for #Bitcoin
aSOPR above 1 = Profit
aSOPR below 1 = Loss
Are we scenario A or B (or other)?
A = slight break of downtrend, followed by more pain
B = break of downtrend, price up
B is more likely imo
#Bitcoin is often criticized for running on non-renewable energy.
The Bitcoin Mining Council's Q3 Mining Data Report reveals that bitcoin's energy mix is actually more sustainable than most countries 🌎.