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Interviews

The Best Business Show with Anthony Pompliano: EXCLUSIVE Michael Saylor Interview

The Best Business Show with Anthony Pompliano: EXCLUSIVE Michael Saylor Interview by Anthony Pompliano

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Crypto Data

@RealVision Exchange #crypto portfolio weights and my Bot portfolio

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Interviews

Why Bitcoin: Michael Saylor Interview 

An interview with Michael Saylor where we dig deep into Why Bitcoin, Microstrategy and Bitcoin, The Lost Bitcoin and Max Supply, the geopolitical landscape, mining, the biggest risks for bitcoin, debasement, gold, education, legacy, giving back and so much more.  InvestAnswers

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Crypto Data

Market Cap BTC Dominance 01112021

Market Cap BTC Dominance 01112021 Tradingview

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Crypto Data

@RealVision Exchange Crypto and Bot porfolio October 2021

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Crypto News

Billionaire Paul Tudor Jones Now Prefers Bitcoin Over Gold

“Billionaire Hedge-fund Manager Paul Tudor Jones said Wednesday on CNBC’s Squawk Box that he now prefers Bitcoin over gold as a hedge against inflation.

The founder and chief investment officer of Tudor Investment Corporation, boasting nearly $40 billion in assets under management, Jones expanded on his thoughts about Bitcoin: “Listen, I said then, I said now, I’ve got crypto in single digits in my portfolio. I have a small trading position at our fund. I do think we’re moving into an increasingly digitized world.”

He stated, “Bitcoin will be a great hedge.” As a long-term store of wealth tool, Jones compared Bitcoin to a traditional but lagging hedge against inflation, gold.

Making it perhaps the most appreciating asset in human history in US dollar terms.

“Clearly it’s winning the race against gold at the moment, right?” Jones continued. “So yes, I would think that would also be a very good inflation hedge. 

Screen Shot 2021-10-20 at 09.34.47

Bitcoin is not only winning the race against gold, it is winning the race against every asset for a decentralized, uncensorable, terminally scarce, peer-to-peer currency. Jones concluded by saying that Bitcoin is his preferred inflation hedge over gold at the moment, but it is not just this moment. Bitcoin will outperform everything.

The comments came as Bitcoin hovered within $500 from a new all-time high, and 99% of holders were in the green. ” Bitcoin Magazine

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Crypto Data

Top 6 Altcoin Set to Explode in 2022

Top 6 Altcoin Set to Explode in 2022 Altcoin Daily

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Crypto News

Bank of America: Bitcoin is Important, The Crypto Industry is Too Large To Ignore

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“Bank of America released a report analyzing the current state and perspectives of the cryptocurrency industry, which is now “too large to ignore”.

Bank of America has published its report “Digital Assets Primer: Only the first inning,” led by Alkesh Shah, head of Global Cryptocurrency and Digital Asset Strategy, providing an in-depth analysis of the current state of the blockchain industry from cryptocurrencies to DeFi and NFTs.

The report says that the industries of cryptocurrencies and decentralized finance services have grown to the point of being “too large to ignore.”

BofA’s researchers note that nearly 221 million users have exchanged cryptocurrencies or used a DeFi service, with steady growth. Similarly, the increased participation of institutional investors is a clear indication that cryptocurrencies are much more than a passing phenomenon driven by retailers.

Bank of America is Bullish About The Crypto Space Beyond Bitcoin

Bank of America highlights that during the first half of 2021, the DeFi ecosystem received close to $17 billion in funding from institutional investors; this contrasts with the $5.5 recorded during 2020. Similarly, mergers and acquisitions in the crypto space rose from $940 million in 2020 to $4.2 billion in 2021.”

“In an official PR, Alkesh Shah maintained an agnostic stance, asserting that there is more to cryptocurrencies than Bitcoin.

“Bitcoin is important, but the digital asset ecosystem is so much more. Our research aims to explore the implications across industries including finance, technology, supply chains, social media and gaming.”

“The team also asserts that the way we interact with the world could change radically with the advent of blockchain technologies:

“In the near future, you may use blockchain technology to unlock your phone; buy a stock, house or fraction of a Ferrari; receive a dividend; borrow, loan or save money; or even pay for gas or pizza,”

Bank of America also highlighted that the growth of NFTs was a surprise for everyone. Researchers emphasized their fear that the large valuations of some NFT pieces, such as fractionalized artworks or the NFTs from the crypto game Loot, could be a bubble that affects many investors who do not know the risks they are exposed to.” Cryptopotato

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Crypto Data

Bitcoin Rainbow Chart 05102021

Source : Blockchaincenter

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Documentary Interviews

Michael Saylor and Bill Barhydt. The Ultimate Crypto Interview on Money Talks!

Michael Saylor and Bill Barhydt. The Ultimate Crypto Interview on Money Talks! Abra

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Crypto Data

RealVision Bot and Exchange Portfolio weight Sept 2021

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Crypto News

El Salvador ranks third in global Bitcoin ATM installations, data finds

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“El Salvador now hosts the third-largest network of crypto ATMs after the United States and Canada, amounting to 70% of all crypto ATMs in South America.

According to data from Coin ATM Radar, El Salvador has exceeded United Kingdom’s crypto ATM count after deploying 205 crypto ATMs to date to facilitate local Bitcoin transactions and BTC to U.S. dollar conversions. 

Comparing this to Statista data from August 16, it becomes evident that El Salvador has successfully installed 201 ATMs in just one month. Beforehand, the country ranked 43rd on the list with just four functional crypto ATMs.

President Nayib Bukele had previously stated that Bitcoin’s adoption would be initially supported by  a network of 200 ATMs and 50 branches. The Salvadorean government has partnered with an in-house cryptocurrency wallet provider named Chivo to power the BTC wallets and ATM usage in the country.

Crypto ATM installations are at an all-time high around the world with 27,664 active machines, and 2,790 new machines being added in September. The increase in El Salvador’s ATM installation drive aligns with the recent presidential order that requires all businesses to accept payment in Bitcoin. However, the merchants retain the option to convert Bitcoin payments to USD before withdrawing their earnings.

While other jurisdictions are yet to decide on Bitcoin’s use case as a mainstream asset, an average of 63.7 ATMs continue to get installed globally every day. Genesis coin remains a leading crypto ATM manufacturer with a market share of 40.7%, while General Bytes and BitAccess represent 22.7% and 12.7% of the market, respectively.” Cointelegraph

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Documentary

WiM044 – The Saylor Series | Episode 10 | The Death of Gold

WiM044 – The Saylor Series | Episode 10 | The Death of Gold Robert Breedlove

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Crypto Data Ecosystem

Top NFT Ecosystems

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Crypto News

El Salvador climbs the Bitcoin ATM rankings: 200 machines on the way

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El Salvador is on its way to becoming a true Bitcoin hub with the installation of 200 ATMs where it will be possible to deposit and withdraw for free without commission. 

The announcement came directly from President Nayib Bukele via Twitter.

Bitcoin in El Salvador: expectation for September 7

The date circled in red on the calendar is September 7. On that day, Bitcoin will become, for all intents and purposes, a legal currency. In the meantime, however, not everyone in the country agrees with this turning point strongly desired by the president to revive the local economy.

That’s why Nayib Bukele released a tweetstorm in which he defended himself against the accusations of the opposition but also explained how El Salvador is preparing for September 7.

Remittances

From September 7 (and from now), it will be possible to send remittances from abroad to El Salvador in Bitcoin and dollars. With two differences:

  • remittances in Bitcoin are instantaneous (or almost);
  • remittances in Bitcoin are commission-free. 

That is where the strength of Bitcoin Ley lies, according to the country’s president: the population of El Salvador spends as much as $400 million a year in commissions on remittances. With Bitcoin, there will be savings for the population and a benefit for the economy. 

Los puntos Chivo: 200 Bitcoin ATMs in El Salvador

Another novelty is the introduction of Chivo points. Chivo is the name of El Salvador’s official wallet app, which entitles you to $30 in Bitcoin. Under the same brand, as many as 200 Bitcoin ATMs are being built where you can convert BTC to USD to withdraw it and deposit USD and convert it to BTC. 

In addition, these will also be information points where there will be staff to explain the operation of ATMs and give all the info you need to disentangle with Bitcoin. 

All this without commissions. The ATMs will be operational 24 hours a day. 

All this concerns those who will “convert” to Bitcoin. And who will not want to do it? The president explains that absolutely nothing will happen. No one is forced to use Bitcoin.

All that remains is to wait for how many residents of El Salvador will start using BTC as of September 7. 

The number of Bitcoin ATMs in the world

According to Coinatmradarthere are currently only 4 Bitcoin ATMs in El Salvador. So the president aims to deploy 200 machines for a population of “only” 6.5 million. That projects El Salvador among the three countries with the absolute highest number of ATMs, and certainly also at the top of the charts for the ratio of number of ATMs to population. 

Suffice it to say that at the top of the Coin ATM Radar ranking are the United States with more than 22 thousand branches, Canada with almost 1,800 branches, and, at a distance, the United Kingdom with 164 branches. El Salvador, with 204 ATMs, would be third. 

In El Salvador, there will basically be one Bitcoin ATM for every 32,500 people or so. It currently remains “below” the United States, which boasts one Bitcoin ATM for every 16,500 people, and also below Canada, which instead has one Bitcoin ATM for every 20,500 inhabitants.

But given El Salvador’s small size, you can bet that its Bitcoin ATMs will excel in density. Cryptonomist.ch

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Crypto News

Raoul Pal LATEST – Bitcoin To 350k and Ethereum 20k In 2021

Raoul Pal LATEST – Bitcoin To 350k and Ethereum 20k In 2021 Savvy Finance

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Crypto News

Quant Explains Why Bitcoin Bull Cycle Is Only In Phase 1

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The Bull Market Is Not Over, Phase 1 Has Just Begun

According to a CryptoQuant analyst, past cycles show that the current Bitcoin bull market isn’t over yet. The puell multiple seems to reveal where the price might head next.

The puell multiple is a BTC indicator used to tell how healthy miners’ revenue is. It’s calculated by dividing the mining revenue by the 365-day moving average (MA) of the same.

Puell Multiple= Mining Revenue USD ÷ 365 MA​ (Mining Revenue USD​)​

With the help of the metric, it becomes possible to say how much selling pressure miners are facing. When the indicator has high values, miner revenue is relatively healthy, thus miners aren’t compelled to sell. While low values could suggest they are facing considerable selling pressure.

Since miners hold large amounts of Bitcoin, significant selling pressure among them could impact the price of the cryptocurrency on a visible scale.

Now, here is how the puell multiple changed during the 2011 and 2013 bull cycles:

A new cycle doesn’t start until after a mid-cycle top post halving is reached. The below chart shows how the 2017 bull run looked like as well as how the current one may end up looking like:

At the time of writing, BTC’s price floats around $47.8k, down 1.5% in the last 7 days. Over the past month, the coin has accumulated 15% in gains. Newsbtc.com

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Crypto Data

DEXs built on top of the Blockchain

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Crypto Data

Top-Tier Blockchain platform Comparison

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Crypto Data

Bitcoin- Spent Output Age Bands (7D Moving Median)

The proportion of old $BTC spent on-chain increased last week, as some investors de-risk and take profits. So far the market has absorbed these realised profits, despite an overall net inflow of coins to exchanges. Read more analysis in The Week On-chain https://glassno.de/3z95Mow Glassnode

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Crypto News

Bitcoin is coming to Cosmos

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Bitcoin is coming to Cosmos

Interchain communication is one of the main themes of the summer. The ultimate solution for overcoming blockchain fragmentation. It enables interoperability and the transmission of value and information between different blockchains.

We are hence excited to announce that interBTC is coming to the Cosmos ecosystem and will be available to any chain that supports the IBC cross-chain standard.

interBTC: Bitcoin on any blockchain

Interoperability is at the heart of interBTC, through which Interlay aims to bring Bitcoin to all DeFi platforms and allow anyone to use their BTC anywhere. Built initially on Polkadot, interBTC enables any Polkadot, Ethereum, and other networks to access it.

Following the DeFi way, interBTC is trustless, secured by insurance, and capital-efficient. Vaults, who ensure BTC is locked on Bitcoin, earn competitive APY and anyone can become a Vault, anytime.

IBC: The Cosmos cross-chain standard

IBC is a set of interoperability standards, allowing any two smart-contract capable chains to communicate through cross-chain payments, as well as data and information transfers. IBC was devised by the Cosmos ecosystem to allow CosmosSDK chains to share functionality and liquidity.

interBTC + IBC = Bitcoin on any Cosmos chain

By adding IBC support to interBTC we allow any IBC compatible chain — both within the Cosmos ecosystem and outside — to access trustless Bitcoin liquidity.

This integration goes hand in hand with our vision of bringing interBTC to all DeFi platforms: while the core logic is hosted as a Polkadot parachain, interBTC can be moved to other networks via cross-chain protocols such as IBC.

Cosmos is the next logical step for interBTC, apart from Ethereum. It’s a multi-chain ecosystem similar to Polkadot, focused on tech and product — and aligns with our vision of cross-chain decentralized finance.” — Alexei, CEO of Interlay

Cosmos boasts a number of top-teams working on decentralized cross-chain exchanges — the ultimate first use case for interBTC, including Gravity DEXOsmosis, and the recently announced Emeris.

Cosmos boasts a number of top-teams working on decentralized cross-chain exchanges — the ultimate first use case for interBTC, including Gravity DEXOsmosis, and the recently announced Emeris.

Medium

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Crypto Data

Cryptocurrency comparison table

Crypto Comparison Table by IG.com

Cryptocurrency comparison table

“The table below shows how the cryptocurrencies IG offers compare. Further down we explain how these factors may influence the cryptocurrencies’ valuations, and why they matter to traders.” IG

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Crypto Data

Top 30 Trending Searches on coingecko 16 – 23 Aug 2021.

“Top 30 Trending Searches on @coingecko from 16 – 23 Aug 2021. Welcome newcomers: $TOKE GNT RARE MBOX” Coin98 Analytics

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Crypto News

PayPal Launches Crypto Buying and Selling in the UK

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“PayPal’s UK customers will be able to buy, sell, and hold four cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

In brief

  • The UK becomes PayPal’s first crypto expansion outside the U.S.
  • The company has been gradually building up its crypto offerings.

Starting Monday, PayPal’s U.K. customers can buy, sell, and hold Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

Customers can buy as little as £1 ($1.3) worth of the cryptocurrencies using their bank account, PayPal balance, or debit card through a crypto tab on PayPal’s website and mobile app.

The U.K. is the second nation to access these services after the digital payments behemoth rolled out its crypto suite in the U.S. in October 2020. It offers the same four coins to U.S. customers.

PayPal does not charge customers for HODLing but will charge transaction and currency conversion fees. It has not provided a fee schedule, but in the U.S. fees range from 50 cents for purchases under $25 to 1.5% of the transaction for purchases over $1,000.

Customers can’t transfer crypto to other wallets. Crypto purchased through PayPal can only be spent through the app, though the company is reportedly working to change that—at least in the U.S., as is competitor Robinhood.

Paypal CEO Dan Schulman told Decrypt in March that crypto could eventually form part of a “super app” that would cover shopping, financial services, and identification” Decrypt

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Crypto Data

Bitcoin Net Transfer Volume from/into Exchange

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Crypto Data

Top 50 Crypto Performance over the last year

Top 50 Crypto Performance over the last year Blockchaincenter

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Crypto News

President Of Argentina Talks About Adopting Cryptocurrencies

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Alberto Fernández, the President of Argentina, has revealed his views on cryptocurrency in a recent interview. Fernández was outspoken about the fact that cryptocurrencies have the potential to address inflationary issues, however he also admitted that there are elements that are still unknown to him.

During the Argentine President’s first YouTube interview, President Fernández spoke about the potential of cryptocurrency in Argentina, noting that there is a huge discussion around cryptocurrency, not just in Argentina but on a global scale. He added that in his case, it is still an unknown subject, comparing it to the early days on YouTube, where twenty years ago no-one knew what it was. 

“The conversation about the operation of cryptocurrencies is a global one. And I must confess that it is a matter that needs to be treated with care. In my case, [it is somewhat] unknown. But there’s no denying it, perhaps it’s a good way.”

President Fernández touched upon the advantages of cryptocurrencies, but was tentative when it came to confirming Argentina’s commitment to exploring digital currencies:

“Everything is possible. Some say that the advantage of this is that the inflationary effect is nullified in a big way. It is also true that it will bring insecurity because some big scams have been verified to be done using cryptocurrencies. It iis a difficult subject to touch”.

While Fernández did not expound on the matter of cryptocurrencies, he did mention the fact that the country would not say no to the use of cryptocurrencies, and that Argentina was planning to regulate crypto in line with fintech-related laws.

Despite the hesitance of their president, Argentine nationals are not holding back when it comes to investing in crypto. Argentina’s economy makes for the perfect setting for crypto investment, nationals are tired of decades of economic turmoil, and a devaluing peso. Bitcoin mining companies have seen huge growth in Argentina, and retail investment has seen a boom in the nation, with a number of exchanges reporting a tenfold growth in trading volume.

​​Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Cryptodaily.co.uk

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News

BTC adoption: Banco Azteca wants to accept Bitcoin

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“• BTC trading may be standardized in Mexico like in El Salvador.
• BTC is trading above $46000, perpetuating a bullish streak for more than a week.

As the leading cryptocurrency in the decentralized market, BTC has seen a slight increase in its global adoption. Although most banks do not accept Bitcoin, the Banco Azteca in Mexico plans to be one of the few that would. Close to the end of June, the bank owner Ricardo Pliego said he would offer cryptos to his clients.

Many of the banking entities in the world have not adopted the trading model that crypto has since its development. However, some of these banks recognize crypto’s value as an investment and financial modeling source. In this way, the Azteca bank took a great step by promoting Bitcoin acceptance throughout the country.

Banco Azteca supports BTC trading

Mexican billionaire and businessman Ricardo Pliego have supported the cryptocurrency industry since last year. He also admitted that he has 10 percent of his capital in BTC investments. Pliego has a net worth close to $15.6 billion, so he is considered the third richest businessman in Mexico.

In the last week of June, Pliego said that he would have the first bank in the country to accept and offer cryptocurrencies. Pliego argues that Bitcoin is a new investment model and that many people should use it. With his work team, Pliego will try to promote economic freedom using the Banco Azteca.

There is still no unofficial announcement from the cryptocurrency regulators in Mexico, but they may approve Pliego’s proposal. The businessman has contributed a lot to the country, and that is why he might have a priority with his new innovative financial plans.

Pliego clarifies his attraction to cryptocurrencies

Although billionaire Ricardo Pliego supports the BTC market, he is attracted to all crypto. Pliego claims he is not a lover of altcoins like Dogecoin, which has presented incredible indices in its value. Pliego had also trended when he said investors of the meme crypto would stay poor, speculating that it has no real value.

Cryptocurrencies such as BTC have been transformed from an unrecognizable token to a novelty between 2020 and 2021. More financial companies have been included in the adoption list of cryptocurrencies to avoid fiat currency devaluation. But the NFT adoption is also increasing.

As a key piece in this entire financial ecosystem, Bitcoin has a market capitalization that exceeds 878 billion dollars. Somehow, Pliego’s announcements about the BTC adoption increased in value, making it trade over $46743 today. However, there is still no solid cryptocurrencies adoption in Mexican banks, but Pliego may announce new measures in the next few days.” Cryptopolitan

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Crypto Data

Bitcoin’s Energy Use Compared To Other Major Industries

“Let’s have a look at some data on all of the above.

How Much Energy Is Bitcoin Consuming?

For context, at time of writing, the Cambridge Bitcoin Energy Consumption Index (CBECI) estimates Bitcoin’s annual energy use at 79 terawatt hours (TWh)

Figure 17 from that report (page 27), shown below as figure One, demonstrates the typical energy sources for miners around the world.

The data shows Bitcoin’s energy use would represent just a rounding error in the construction, transportation or healthcare industries.

Figure one: energy sources by region (source: Cambridge Centre For Alternative Finance).

China is now out of the picture, and fresh data from the Bitcoin Mining Council (BMC) (figure two) shows that over two-thirds of the membership, representing almost one-third of the network hash rate, is being powered by low-emissions energy sources, and that global Bitcoin mining is now estimated to receive 56% of its energy needs from sustainable sources (solar, wind, hydro, nuclear, geothermal and other “renewables”).

The data shows Bitcoin’s energy use would represent just a rounding error in the construction, transportation or healthcare industries.

Figure two: Bitcoin energy mix (source: Bitcoin Mining Council)

To that end, I offer a new global mining profile and carbon intensity figure of 280 grams of CO2 per kWh, using my original methodology presented in this previous article (see section one on energy mix) based on the below assumed generation mix, and 50th percentile IPCC carbon intensity figures (see page 190). The dramatic drop is a result of moving a large proportion of the network from coal to gas, cutting the carbon intensity of Bitcoin by a third.

The data shows Bitcoin’s energy use would represent just a rounding error in the construction, transportation or healthcare industries.

Figure three: Carbon intensity and energy mix comparative data, CBECI and BMC scenarios

As can be seen, since the Chinese exodus, Bitcoin’s carbon intensity has dropped by a third, from 419 to 280, mainly as a result of shifting away from coal to the much cleaner natural gas. Comparing Bitcoin to global primary energy production shows that Bitcoin is less than half as carbon intense, and when compared to the world’s grid, is over 40% less carbon intense.

So! Now that we know Bitcoin’s carbon intensity is 280 g of CO2 per kWh (or 0.28 megatonnes [Mt] of CO2 per TWh), and that Bitcoin uses 79 TWh per year, we can quickly arrive at an emissions figure of 22.1 Mt CO2 per year.

Bitcoin’s Energy Use Compared To Building And Construction

  • Non-residential buildings: 9,330 TWh
  • Residential buildings: 26,481 TWh
  • Construction: 5,833 TWh
  • Sector total energy use: 40,830 TWh
    • Bitcoin: 79TWh, or 0.19% of the building and construction industry
  • Sector total emissions: 12,735 MtCO2
    • Bitcoin: 22.1 Mt CO2 or 0.18% of the building and construction industry
  • Sector carbon intensity: 330.6 g per kWh (about 20% more intense than Bitcoin)
The data shows Bitcoin’s energy use would represent just a rounding error in the construction, transportation or healthcare industries.

Figure five: Bitcoin versus buildings — yearly energy use, in TWh

Bitcoin’s Energy Use Compared To The Transportation Industry

Using the above ratios, and a total sector energy use of 118 quad BTU in 2020, or 34,582 TWh, we have the following:

  • Light-duty passenger road vehicles: 15,424 TWh (44.6%)
  • Air transportation: 4,046 TWh (11.7%)
  • Bus: 1,321 TWh (3.8%)
  • Other transportation: 859 TWh (2.5%)
  • Road freight vehicles (heavy vehicles and other trucks): 8,059 TWh (23.3%)
  • Marine shipping: 4,063 TWh (11.7%)
  • Rail: 793 TWh (2.3%)
  • Total energy use: 34,582 TWh
    • Bitcoin: 79 TWh, or 0.23% of the transportation industry
  • Sector carbon intensity: 234 g CO2 per kWh (about 16% less intense than Bitcoin, 50% less intense than the world grid)
The data shows Bitcoin’s energy use would represent just a rounding error in the construction, transportation or healthcare industries.

Figure eight: Bitcoin versus transportation — yearly energy use, in TWh

It’s not a nice thing to acknowledge, but if you’re charging your Tesla on the U.S. natural-gas-powered grid, or the slightly-greener world average grid, or basically anything other than your own solar roof panels, you’d be doing 50% less damage to the environment by driving an internal combustion vehicle. We just calculated the carbon intensity of fossil-fuel-driven transport to be 234 g CO2 per kWh based on emissions and energy data from the EIA and IEA (I swear to God, they do that with their acronyms on purpose!). Here, the U.S. Environmental Protection Agency (EPA) shows that most petroleum products (including jet fuel, gasoline and diesel) have a carbon intensity of around 65 kg CO2 per mmBTU to 75 kg CO2 per mmBTU, or, about 222 g CO2 per kWh to 256 g CO2 per kWh — which gives us strong validation of our calculated transportation industry figure of 234 g CO2 per kWh.

Revisiting Bitcoin’s Energy Use Compared To Finance, Gold And The Military-Industrial Complex

Gold

As per my previous piece, the breakdown for the gold mining industry, excluding additional refining of gold for industrial use, is as follows:

  • Total energy use: 265 TWh
    • Bitcoin: 79 TWh, or 29.8% of the gold mining and jewelry industries
  • Total Emissions: 145 MtCO2
    • Bitcoin: 22.1 Mt CO2, or 15.2% of the gold mining and jewelry industries
  • Sector carbon intensity: 547 g per kWh (about 95% more intense than Bitcoin)

Finance And Insurance

As per my previous piece, we found that the finance sector emitted 1,368 Mt CO2 per year, using the help of the University of California, Berkeley’s (UCB) CoolClimate Network (CCN) model. While it doesn’t explicitly provide a figure for energy use, it provides a great breakup of where the emissions come from. As shown in figure 10 below, 80% of emissions came from transportation, with 20% going to facilities and procurement. Using the same approach we did with healthcare earlier, we will assume a carbon intensity of 250g CO2 per kWh for travel, and 487g CO2 per kWh (i.e., “the world grid”) for procurement and facilities.

The resulting energy breakdowns are as follows:

  • Transportation: 4,377 TWh (88.6%)
  • Facilities: 309 TWh (6.3%)
  • Procurement: 253 TWh (5.1%)
  • Total energy use: 4,939 TWh
    • Bitcoin: 79 TWh, or 1.6% of the finance and insurance industries
  • Total emissions: 1,368 MtCO2
    • Bitcoin: 22.1 Mt CO2, or 1.6% of the financial and insurance industries
  • Sector carbon intensity: 277 g per kWh (about 1% less intense than Bitcoin)

Military-Industrial Complex

The industrial and manufacturing sectors are far more procurement- and-facilities driven than the financial sector, which is predominantly human- and travel-driven. Transportation accounts for 80% of the financial industry’s energy use. In the manufacturing industry, it is closer to only 25%. Therefore, we have the following:

  • Military fuel/transportation use: 275 Mt CO2, 1,100 TWh
  • Military facilities use: 150 Mt CO2, 308 TWh
  • Military industry fuel/transportation use: 525 Mt CO2, 2,100 TWh
  • Military industry facilities and procurement use: 1,550 Mt CO2, 3,183 TWh
  • Total energy use: 6,691 TWh
    • Bitcoin: 79 TWh, or 1.18% of the military-industrial complex
  • Total emissions: 2,500 MtCO2
    • Bitcoin: 22.1 Mt CO2, or 0.88% of the military-industrial complex
  • Sector carbon intensity: 374 g CO2 per kWh (about 33% more intense than Bitcoin)

Conclusions

As always, the numbers speak for themselves, and I’ll let the below figure tell the story:

The data shows Bitcoin’s energy use would represent just a rounding error in the construction, transportation or healthcare industries.

Figure 11: Bitcoin versus other industries — yearly energy use, in TWh

The main takeaway should be that Bitcoin is a rounding error in the global scheme of things, and from a carbon-intensity point of view, has significantly less emissions per kilowatt than finance, construction, healthcare, industry or the military, and will only improve further in time. My prediction still stands: Bitcoin’s carbon intensity will go from 280 g CO2 per kWh today, to around 100 g in 2026, and zero by 2031, and maybe, finally, we’ll be done with this debate.”

This is a guest post by Hass McCook. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine

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Crypto Data

TOP Altcoin Picks 2021 Q3: SOLID Potential!! 💯

TOP Altcoin Picks 2021 Q3: SOLID Potential!! 💯

~~~~~ ⛓Pick 1⛓ My first crypto pick for the rest of 2021 is Ethereum, and ETH is a big part of my personal cryptocurrency portfolio 👨‍💻Pick 2👨‍💻 My second crypto pick for the rest of 2021 is Cardano, and ADA is also part of my personal cryptocurrency portfolio ☀Pick 3☀ My third crypto pick for the rest of 2021 is Solana, and SOL is a more recent addition to my personal cryptocurrency portfolio 📐Pick 4📐 My fourth crypto pick for the rest of 2021 is Polygon, and MATIC is one of the few cryptocurrencies that I regret not buying sooner Better late than never though, and that’s why I will be adding MATIC to my personal cryptocurrency portfolio 💱Pick 5💱 My fifth and final crypto pick for the rest of 2021 is Terra, and though I’m not currently planning on picking up any LUNA, I am seriously considering it 🕵️‍♂️Previous Pick Update: Monero🕵️‍♂️ Back then, XMR was around 130 dollars, and it reached a high of around 480 dollars in mid-May this year. That’s roughly a 3.5x, which is good, but not great 👨‍🏫Previous Pick Update: Algorand👨‍🏫 Back then, ALGO was around 30 dollars, and it reached a high of around a dollar 70 in early February. That’s roughly a 5.5x, which is better, but still far behind what other cryptos gained during that time 📺Previous Pick Update: Theta📺 Back then, Theta was around 70 cents, and hit an all time of over 14 dollars in mid-April this year. That’s a clean 20x move 📊Previous Pick Update: Injective Protocol📊 Back then, INJ was around 2 dollars, and it hit an all time high of over 24 dollars in mid-April this year. That’s a solid 12x move 🧱Previous Pick Update: BarnBridge🧱 BarnBridge is backed by DeFi giants like Aave and Synthetix, and it’s suite of DeFi services have seen hundred of millions of dollars in total value locked since its launch. ~~~~~ 📜 Disclaimer 📜 The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Coin Bureau