Michael Saylor Bites Back Against Bitcoin Energy Claims

Reading Time: 2 minutes Detractors usually grab the “Bitcoin massive energy consumption” cliche to rage on the leading cryptocurrency. Headlines like “Bitcoin consumes more electricity than Argentina” do not represent a fair explanation of Bitcoin energy consumption. The entire Bitcoin network consumes only 0.075% of all energy in the world. Concerns regarding Bitcoin energy consumption have turned into a cliche, and a weapon for every non-enthusiast to use against the leading cryptocurrency. Various sources rage on about Bitcoin’s carbon footprint with different stats. For example, BBC claims that Bitcoin consumes more electricity than Argentina, CNBC declares that the cryptocurrency consumes more electricity than the
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