The climate change discussion finally had a big impact on crypto. I always thought that energy consumption was one of the strongest arguments against BTC and other heavy blockchain. Even if the problem is far more complex, Elon Musk underlined a point of weakness. Many banks and funds are exposed in this media line because of thei investment in fossil energies. It’s not only a technological and environmental dispute, it’s a media related trouble. And many cryptos will be disadvantaged.
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