Unfortunately, here is where Bitcoin's detrimental environmental impact manifests itself. According to Investopedia, the network "uses 121 Terawatt-hours of electricity every year... more than the entire country of Argentina." According to a recent analysis conducted by the University of Cambridge, coal accounts for over 40% of mining power. That's not a good number. Because Bitcoin is a finite resource, the energy requirements of mining Bitcoins will only increase with time.
According to NBC, "Bitcoin production is anticipated to generate between 22 and 22.9 million metric tons of carbon dioxide emissions per year," according to a study published in the Joule scientific journal in 2019. This equates to 2.7 billion households.

One bitcoin cost $1 in April 2011, reached an all-time high of about $65,000 in April this year, and is now valued around $48,000 as of this writing. Because some bitcoin investors have become millionaires overnight, an increasing number of people are interested in the idea of becoming wealthy through cryptocurrency investments. However, Bitcoin's growing popularity may make it impossible for the globe to avoid the worst effects of climate change, due to the cryptocurrency's massive energy usage and far-reaching environmental  repercussions.