Ark Invest: Bitcoin Doesn’t Press the Environment

The confusion in the crypto market started after Elon Musk announced that Tesla would stop to accept Bitcoin as a form of payment for its products. The main reason behind this decision, according to Musk, is the environmental impact from Bitcoin mining through its CO₂ emissions.

 Contrasting this view, Ark Invest published a research that shows that Bitcoin mining, not only is dangerous for the environment, but it could become a sustainability lever.

The research shows that renewables sources of energy, even if they could serve a 40 % of a mining hub, can satisfy the 99 % of connected businesses in the mining sector, minimizing mining’s impact in the environment.

You can read and this paper, published from Ark Invest along with Square.