UN Report Reveals Direct link Between Bitcoin's Price and Carbon Footprints

A UN report has established a compelling connection between Bitcoin's price and its energy consumption. The study reviewed Bitcoin mining in 76 nations between 2020 and 2021, revealing that the network used 173.42 terawatt-hours of electricity during this period. Notably, as Bitcoin's price surged by 400% between 2021 and 2022, the global network's energy consumption rose by 140%,