Post
Topic
Board Economics
Re: Does anyone care about the environment?
by
Smartvirus
on 28/04/2022, 22:33:44 UTC
How does this affect on the market? Or doesn't at all? On the prices of bitcoin?
Bitcoin has been labelled one of the most fossil fuel energy consuming sector in the world and as such, a hated or unpatronised sector by truly environmentalists. Apparently, these guys trade cryotos too and you could say, most of the effect that could arise as to this played out when Elon Musk Tesla placed a hold on the acceptance of bitcoin for buying a Tesla sometime last year. The market went bearish almost immediately because, not just the fans of Elon was at play as at the time but, the true environmentalists too.

One thing we ought to understand is, a sudden shift in a system is not always the best and changes comes to be gradually. In anticipation for the minig field of cryptos to utilise only sustainable and economic friendly energy sources in its activities, its only nice that these changes comes gradually and it would come to stand.