Michael Saylor – Bitcoin Energy Usage More Cleaner Than Other Industries

Michael Saylor, co-founder of MicroS strategy and a fervent supporter for Bitcoin has been vigorously purchasing bitcoin (BTC) despite its enormous volatility in the crypto market. According to him, Bitcoin energy is cleaner when compared to other crypto industries. In a recent tweet he shared, he said–
#Bitcoin energy usage is cleaner than every major industry and represents a rounding error in total energy consumption. @FriarHass delivers a comprehensive analysis worth reading. https://t.co/9RSH8t5Z1U
— Michael Saylor⚡️ (@michael_saylor) August 11, 2021
According to Bitcoin magazine:
“The data shows Bitcoin’s energy use would represent just a rounding error in the construction, transportation or healthcare industries.”
The same online publication continues and notes, “For context, at time of writing, the Cambridge Bitcoin Energy Consumption Index (CBECI) estimates Bitcoin’s annual energy use at 79 terawatt-hours (TWh).”
Bitcoin Energy
Bitcoin’s energy usage has been a fragile topic of discussion for an extended period, Elon Musk also implemented this discussion recently to exploit the market. On this topic someone commented:
“Or… Maybe, just maybe, we could all support proof of a stake which has basically ZERO energy consumption? $hex will flip to $BTC next year, you bought the top last time Michael, don’t get left behind again you big billionaire you.”
Bitcoin stays above $46k
Today’s market appears to be great with all major coins exchanging in the green. At the time this article was written, Bitcoin (BTC) is also trading in the green, as it is currently priced at $46,137.89. In a recent report by blockchain analytics firm, Santiment said that Bitcoin (BTC) whales are showing no interest in taking gains as Bitcoin grows in strength. According to the firm, Bitcoin entities holding between 100 and 10,000 BTC now hold 9.28 million coins, or about 44% of the total supply, which is an all-time high (ATH) for the investor cohort.
This top cryptocurrency has increased by 1.4% in the previous day. According to a number of analysts, Bitcoin is heading to $100,000 before the year ends. Bitcoin’s rally has been attributed to several factors, one factor is the continued accumulation by institutional investors.
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