With China’s Ban, is Energy Waste an Existential Threat to Bitcoin?
Some countries dislike Bitcoin as it threatens financial control. What if people start disliking it for other reasons?
Last updated on March 02, 2021
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions.
As Chinese coal-rich province of Inner Mongolia bans Bitcoin mining, its eco-sustainability concerns make a comeback. People’s attitudes drive much of the markets, including Bitcoin. Will people accept Bitcoin’s need for energy, or will they compromise for an eco-friendly cryptocurrency alternative?