Speaking at the Bloomberg Technology Summit in London recently, Revolut’s crypto chief Ed Cooper said: Bitcoin (BTC) and energy consumption.
of bitcoin PoW The environmental impact of BTC has been a long-standing topic due to the fact that it uses the system and consumes a lot of energy.
However BTC Ed Cooper, who thinks that environmental concerns about the environment are unfounded, said:
“Everyone says, ‘Bitcoin uses a lot of energy and is therefore bad.’
But washing machines and Christmas lights consume more energy than the Bitcoin network.”
Referring to the report of the European Central Bank, Cooper said in the report. in cryptocurrency mining He said that the amount of energy used is more than the one-year energy use used in countries such as Austria, France, Spain and the Netherlands.
ED Cooper, critical of this report “PoW is Bitcoin’s strategy of choice.” said.
Evaluating the market in general, Ed Cooper stated that despite the ongoing bear market, investors continue to believe in the market.
“Despite falling crypto trading volumes in the middle of the crypto winter, the bear market has forced firms and platforms to consider how they can be productive for investors.
The number of new active people on the Revolut platform is much higher than in 2020. I attribute the arrival of new customers to crypto becoming mainstream.”
Finally, when they look at maturing technology and increasing use cases, Cooper crypto- He said that they believe the industry is a permanent trend.
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