Sense

Assessing whether Bitcoin's energy consumption makes sense

Assessing whether Bitcoin’s energy consumption makes sense

After Tesla’s initial Bitcoin investment and payment support for Tesla purchases on 8 February 2021, many critics followed up on the company’s position by alleging that the car-maker is supporting an asset that is presumably heavily reliant on fossil fuels. Ergo, it wasn’t long before Tesla dropped BTC as a payment method for its vehicles. …

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'I sold almost all of my bitcoin' vs 'buy the dip': which makes sense?

‘I sold almost all of my bitcoin’ vs ‘buy the dip’: which makes sense?

The value of bitcoin dropped nearly 50% from its peak observed in April at $65,000. The onset of bearishness in the cryptocurrency market was triggered by an impending correction, followed by China’s move to crackdown on cryptocurrencies. As BTC price descended to $31,000 CNBC’s Jim Cramer who recently hopped on the Bitcoin train, was now …

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