According to the professionals, Greenpeace & Tesla has already concerned regarding the higher carbon footprint of Bitcoin. Greenpeace is one of the most popular environmental groups that isn’t accepting donations via Bitcoin. They have already removed the Bitcoin donation page from the official website of Greenpeace. By 2014, Greenpeace USA has created a policy of accepting the donations of Bitcoin via a third-party processor that will able to changes these donations to USD within a fraction of seconds. According to the professionals, Greenpeace USA will never receive a considerable amount of these donations.
Considerable energy is required to run the Bitcoin. Such policy became no longer tenable. Make sure that you are checking https://thecryptogenius.software where you will be surely able to get important information about Bitcoin and other cryptocurrencies. Greenpeace has already stopped accepting donations via Bitcoin.
Advocacy Group of Friends
As per experts, the Advocacy group of friends of the Earth will surely be reconsidering its acceptance of Bitcoin. They haven’t made any final decision about it. A considerable amount of computer power needs to mine the Bitcoin. Greenpeace has already claimed that it will never ignore the energy required of that. The popularity of web services is at its peak & will become more complicated in the future. The demand for computing power will go up in the upcoming years. The decision of Greenpeace came when Elon Musk announced that Tesla would no longer accept cryptocurrency as a payment method. Every person is concerned regarding the rapid use of fossil fuels for Bitcoin transactions and Mining. Elon Musk Claimed that Cryptocurrency has become one of the great ideas on certain levels and comes with a promising future. Such fantastic cryptocurrency never comes at the best cost to the environment.
Can Bitcoin Mining Go Green or not?
Some certified and trustworthy sources claim that Elon Musk needs Bitcoin but not its carbon footprint. The power consumption of Bitcoin has already become a matter of concern this year. Musk isn’t accepting Bitcoin as payment for Tesla. The use of fossil fuels for Bitcoin is rapidly increasing. A considerable amount of international economies are already skeptical regarding cryptocurrencies. There are many governments in several nations that are still opposing this asset class.
Boomer Coin
Bitcoin has become a new cryptocurrency to mainstream investors. Social networking platforms like Reddit, Twitter, Young millennial investors, and Gen Z have already initiated to refer to Bitcoin as a boomer coin. The majority of the investors prefer to purchase the other cryptocurrencies considered as altcoins or S-coins. So many investors are already holding the Bitcoin with other digital coins. Bitcoin has become one of the biggest cryptocurrencies in terms of market value created in 2009. This particular cryptocurrency has already been seen by its supporters as a store of value that will surely appreciate over time. Any other cryptocurrency investment is already considered a little bit risky. As per experts, investing money in altcoins can be speculative. You should always invest money only for what you will able to afford to lose.
Altcoins
Several altcoins have been already soared in popularity, and young investors are already want to take such risks. So many investors are already referring to Bitcoin as a boomer coin that has become the best way to support altcoins of their requirements. It has become a new world for lots of young investors. One can start researching & investing because you will hear you will make money.
Hurting the price of Bitcoin
The price of Bitcoin plunges below $50000, and it has become one of the worst cryptos in a year. It has become the worst week for such cryptocurrency. Bitcoin has become one of the great performing assets in the last few years. Investors will have to buckle up for volatility in the near term.
In addition, so many regulatory agencies have released new guidance on Bitcoin. They are continually taking it more seriously. The majority of multinational companies aren’t accepting Bitcoin as a primary payment method because it always needs a considerable amount of power. The worth of Bitcoin was already falling when Musk tweeted that they will not accept Bitcoin as a payment method.
