The article discusses how Bitcoin mining has achieved a minimal carbon footprint, making it an attractive investment option for institutions. The use of sustainable energy sources in Bitcoin mining has steadily increased, resulting in a deceleration of emissions growth. The high energy cost of mining incentivizes miners to seek cost-effective and sustainable energy sources, which reduces emissions. However, the exact percentage of sustainable energy used in Bitcoin mining is debated. Some argue that it is above 50%, while others suggest it is lower. Despite this, there is a prediction that the Bitcoin network will achieve carbon neutrality by December 2024 and mitigate more emissions than it produces by 2030. The growing sustainability of Bitcoin mining makes it a compelling factor for institutional investment and could reshape the financial industry’s approach to cryptocurrencies.
AI Sentiment: Positive