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Saturday, March 16, 2024

Cryptos such as Bitcoin (BTC) are coming to an end! Why?

The US is trying to phase out cryptos such as bitcoin gradually by using its new carbon emission policies and crypto mining tax.

The US has just implemented Scope 2 carbon emission policy and will implement Scope 3 in the future.
It doesn't matter whether cryptos are based either on proof of stake or proof of work because such designed structures are profligate uses of energy.  Thus, the new carbon emission policy will exterminate cryptos.
The Scope 3 carbon emission policy will decimate bitcoin futures and ETFs when it is adopted.
 Furthermore, Biden is proposing a 30% electricity tax on crypto mining.

It is without doubt that CBDCs will replace cryptos in the future because around 134 countries are developing CBDCs now.

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