- We have seen a big increase in awareness of the environmental factors of Bitcoin.
- As technology like cryptocurrency grows, the environmental side increases
This year has been a very exciting one for Bitcoin and the world of adoption surrounding it. There is a new drive pushing towards the mainstream world, allowing Bitcoin to become a part of people's everyday lives.
We have seen a big increase in awareness of the environmental factors of Bitcoin and it’s among the crypto and blockchain community. Simply put, as more people learn about Bitcoin and buy into it, more people start researching the cryptocurrency and what its impact is on the globe.
It’s no secret that Bitcoin is bad for the planet. In terms of the health and well-being of the planet earth, the process of Bitcoin and the act of mining is very much bad for the earth.
With more people now getting concerned over the impact on the environment, Bitcoin mining is something we need to see lower its impact on the planet.
The environment is typically the last thing people think of when it comes to new technologies and innovations. So it’s not a big shock that it has taken a decade for most of us to look at BTC’s carbon footprint. Moreover, it seems that mainstream society on the whole is starting to wake up to the state of the environment on the whole. More people are worried about the planet and therefore, more people will naturally start to worry about the impact Bitcoin has on the planet too.
As technology like cryptocurrency grows, the environmental side increases. That being said, Bitcoin won’t be mined forever, there is only a limited supply in existence.
It’s worth noting that we, as investors and traders should make sure everybody else knows about the harm Bitcoin mining does to the environment. Where we can, we should use alternative methods that are less power heavy to access our cryptocurrency and, most importantly, we should try to offset our Bitcoin carbon footprints by trying to live as environmentally friendly as we can elsewhere.
It will be interesting to see how this plays out with the BTC environment factor. For more news on this and other crypto updates, keep it with CryptoDaily!