🥇 Bitcoin, the world's leading cryptoasset, has attracted considerable interest both for its economic and financial implications and for its environmental impact.
📈 The exponential increase in the market value of bitcoin has stimulated the expansion of mining activities, leading to a significant increase in energy consumption and associated CO₂ emissions.
♻️ However, recent studies (analyzed below) suggest that the environmental impact of bitcoin may be less than previously thought, and that the asset may have relevant and resilient social benefits.
🏛 Furthermore, it should be noted that the ECB proposed in 2019 to change the name of this type of technology from "cryptocurrencies" to "cryptoassets", which is preferred for various reasons.
📌 The main reason lies in the fact that of the 'currencies', the technologies mentioned do not have the fundamentals, except for bitcoin, which are:
1. Store of value
2. Medium of exchange
3. Unit of account (not completely, but definitely in the future)
❓️ If you are interested in learning more or have questions, leave a comment.
📶 Stay tuned.
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