Commentary: The Big Question: Is Bitcoin a Bubble?

Description

In a commentary, Desmond Hudal discusses the debate around Bitcoin being an economic bubble, with critics citing massive price fluctuations, excessive energy consumption, and lack of government backing as reasons. However, a study by Susanne Köhler and Massimo Pizzol at Aalborg University in Denmark counters the argument about Bitcoin's environmental impact. They found that "past calculations of the negative impacts of Bitcoin on the environment were all based on false assumptions." Mr Hudal concludes that describing Bitcoin as a bubble is a baseless myth, especially as it begins to gain mainstream adoption. (Summary provided by Infomedia). Sources:Medium, 09-11-2024