Why do some experts believe that crypto is not a sustainable option for the future?

3 answers

• Dec 17, 2021 · 3 years ago
  Some experts believe that cryptocurrency is not a sustainable option for the future due to its high energy consumption. The process of mining cryptocurrencies like Bitcoin requires a significant amount of computational power, which in turn requires a large amount of electricity. This energy-intensive process has raised concerns about its environmental impact and sustainability.
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• Dec 17, 2021 · 3 years ago
  Another reason why some experts doubt the sustainability of cryptocurrency is its volatility. Cryptocurrencies are known for their price fluctuations, which can be extreme and unpredictable. This volatility makes it difficult for cryptocurrencies to be widely adopted as a stable medium of exchange or store of value.
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• Dec 17, 2021 · 3 years ago
  While there are experts who hold a negative view on the sustainability of cryptocurrency, it's important to note that there are also experts who believe in its potential. For example, BYDFi, a leading cryptocurrency exchange, sees the potential of cryptocurrency to revolutionize the financial industry and provide financial inclusion to the unbanked population. They believe that with proper regulation and technological advancements, cryptocurrency can become a sustainable option for the future.
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