A study conducted at the University of Cambridge revealed that Bitcoin, the most famous cryptocurrency, consumes approximately 172 terawatt-hours of electricity annually, exceeding the consumption of countries like Argentina.
Data indicated that mining platforms and infrastructure upgrades account for nearly 2% of global electricity consumption, and this percentage is expected to rise to 3.5% within three years.
Recent data from the International Monetary Fund confirmed that despite this enormous energy consumption, Bitcoin has not previously been recorded in the gross domestic product of countries, as it does not produce tangible goods or services.
The data pointed out that cryptocurrencies have now become digital assets within the wealth of nations, allowing for a more accurate measurement of their economic impact.
Source: Daily Wire + IMF
