In its blog today, IMF just penned some 2021vintage energy FUD about Bitcoin
"Bitcoin uses as much energy as "
Mainstream media and the scientific community no longer use this claim. Why? Because it is a known misleading statistic.
Much of Bitcoin's energy usage is from stranded, wasted sources that others cannot utilize. It has also been shown in 22 peer reviewed papers and 7 independent studies to stabilize and decarbonize grids, mitigate methane and lower electricity prices and is 52.4% sustainably powered (unlike the much lower sustainable power mix of the banking industry, and gold mining - which Bitcoin provides viable and technologically superior alternatives to)
source: https://x.com/DSBatten/status/1923014527651615182
Contrary to the implications of this tweet, Bitcoin has 19 well documented usecases that create value to society.
source: https://x.com/DSBatten/status/1833875802326175939
Important context: Bitcoin threatens IMF with disintermediation in 5 ways which I have categorized previously here --> https://x.com/DSBatten/status/1873558000230978046
and IMF has a reputation for openly opposing Bitcoin, repeatedly citing "concerns" that have consistently failed to materialize. (source: https://bitcoinmagazine.com/featured/how-the-imf-prevents-global-bitcoin-adoption-and-why-they-do-it)
Its perspective on Bitcoin is neither neutral nor objective. 