1026: Arcane Research Predicts $2 Million Bitcoin With BTC Mining Cost Less Than 0.5% of Global Energy!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6 • 626 Ratings

🗓️ 23 August 2022

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Bitcoin, the world’s most-valued cryptocurrency, has the potential to be a significant energy consumer in the future, but only if it reaches several million dollars per coin, according to new estimates by Arcane Research. Crypto research and analytics firm Arcane Research on Monday released a report estimating the development in Bitcoin’s energy usage toward 2040. If the BTC price hits $2 million in 17 years, Bitcoin may consume 894 Terawatt-hours (TWh) per year, surging 10 times from today’s level, the report suggests. Despite huge growth, such energy consumption would only account for 0.36% of the estimated global energy consumption in 2040, increasing from Bitcoin’s 0.05% share today, the analyst estimated. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Oh, that's my prime delivery.
0:01.6	What, already?
0:02.6	Only one thing can match the buzz of Prime's fast delivery.
0:06.2	And that's the buzz of Prime's entertainment.
0:09.0	What are we watching?
0:09.7	Heads of state, that new action comedy with Idris Elbert as the Prime Minister,
0:13.3	John Sina as the president, and Prianka Chopra Jonas, as their only hope.
0:17.0	It looks like a blast.
0:18.0	From fast delivery to explosive entertainment, it's on Prime.
0:22.5	For only 899 a month, join now. Content includes limited ads, subscription or to renews.
0:27.5	For more information, go to amazon.com.uk.uk.u slash prime.
0:29.8	While you enjoy this podcast, remember to reserve your place at the unmissable Keir electric
0:34.5	experience. On show will be our highly anticipated new electric vehicles,
0:39.1	the sporty Kier EV4, an athletic hatchback, and an SUV with a perfect blend of versatility
0:44.4	and performance, the Kier EV5. Discover our award-winning electric range, including this year's
0:50.2	UK and World Car of the Year, the EV3. Secure your exclusive place today.
0:55.1	Search the Kia Electric Experience.
0:57.2	Kia, movement that inspires.
1:00.1	In today's show, Bitcoin address is in a loss at a one-month high as Bitcoin price
1:04.5	retests, $21,000, as glass node points out here, over 17.5 million wallets are in the red. According crypto analysts,
1:12.6	me Calvin A Pop, Bitcoin scenario, I think, is quite likely. In this case, bullish divergence is being
1:18.6	created on the weekly time frame, sweep of the lows for liquidity or retests, and total market
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Bitcoin News Alerts, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Bitcoin News Alerts and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.