Just as people moved from gasoline powered cars to electric will investors also move from bitcoin to ecofriendly alts?
If you talk about other alts based on pos or some other algorithm then it work as more centralized base system to the rich and superior ones and if you wish to invest in them then nobody's gonna stop you but don't ask for Bitcoin like security. Did this energy consumption has increased suddenly after the Musk comments and some government statement? The miners need to put more effort to mine block with increasing difficulty and providing security to the network. Many mining pools are finding alternative ways to mine Bitcoin using renewable sources because electric consumption also reduces their profitability. They are reluctant to find some alternates for this. But one thing is for sure Bitcoin is not going to be dead inspite of many FUD in the market like in the past.I did invest in many alts, DASH,LTC,ETH, MONA XMR + BTC and physical BTC Casascius pre $500. I've had the concern over POW mining since then, its only come to mainstream attention after Musk now that he has the worlds attention. Another celebrity type mentioned it in 2016/17 when he moved an operation to Washington state but many didn't listen to him as some think he is nuts anyway lol. But that was John McAfee, he is currently facing federal charges for falsely promoting cryptocurrency through his twitter account while his buds sold it. I dont think BTC will ever die either however I can envision it loosing market dominance down to 10% in the next ten years.
the fall of bitcoin was due to energy problems, in my opinion it was just a gimmick,, all of it was just a trick of billionaires to scare beginners, in order to collect bitcoins, once a year bitcoin there must be a price drop, why when bitcoin falls everyone posts negative things about bitcoin,, why when the price starts to stabilize everyone is silent, and enjoys what they get.. stop saying bitcoin is falling in price because of energy..
the fall of bitcoin was due to energy problems, in my opinion it was just a gimmick,, all of it was just a trick of billionaires to scare beginners, in order to collect bitcoins, once a year bitcoin there must be a price drop, why when bitcoin falls everyone posts negative things about bitcoin,, why when the price starts to stabilize everyone is silent, and enjoys what they get.. stop saying bitcoin is falling in price because of energy..
over $500 Billion left the market that was more than just beginners
