Bitcoin’s Power Consumption is ‘Staggering’ and Concerns Large Investors, Says Kleinwort Chief Investment Officer | Motto News | Finance and business News

Bitcoin's Power Consumption is 'Staggering' and Concerns Large Investors, Says Kleinwort Chief Investment Officer |  Motto News |  Finance and business News

Bitcoin mining uses large amounts of electricity

Bitcoin’s energy consumption is a key factor that makes cryptocurrency unattractive to institutional investors, said the investment director of British private bank Societe Generale.

“We are very alarmed, I’m sure the others are, by…

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