The Financial Times entered into a discussion with Jack Dorsey.
Recently Jack Dorsey, co-founder of Twitter and a crypto-enthusiast, said that Bitcoin could become a global crypto currency in the next 10 years.
The Financial Times refutes Dorsey's optimism. First, the emission of crypto currency is limited, therefore Bitcoin will cost prohibitively expensive to become a global crypto currency, presumably, by 2028 its value will reach about $ 10 million.
Secondly, in the future, the operating costs for Bitcoin mining will be such that $ 15 million will be spent on generating bolkas. Since each block contains about 1500 transactions, each transaction will cost about $ 10,400. With an average price of 11 cents per kilowatt-hour, the energy consumption per transaction will be about 101,114 kWh.