Washington (ONGC) Analysis | April 17, 2022 by Attorney Michael Wells
Napoleon Bonaparte once said, “Let China sleep, for when she wakes, she will shake the world.” China poses military, economic, social, and environmental threats to the entire world. Yet, with the myriad threats it poses, one threat it has awakened, Bitcoin, threatens to shake — and possibly destroy — the environment. Although Bitcoin requires the most advanced computers performing dizzying calculations, it needs unfathomable amounts of energy, and that energy comes primarily from fossil fuels in China, namely coal.
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