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Bitcoin Achieves 56% Clean Energy Usage—Tesla BTC Payments Incoming?
In a significant breakthrough, the cryptocurrency industry has reached a milestone in its sustainability efforts, with the majority of energy used for Bitcoin mining now coming from clean sources. According to recent reports from Woocharts, an impressive 56.76% of the energy consumed by Bitcoin miners is derived from renewable sources.
This remarkable achievement surpasses the crucial 50% mark, which Elon Musk’s Tesla had set as a benchmark for considering the resumption of Bitcoin payments for its products. As it stands, this development may spark renewed discussions about reinstating this payment option in the near future.
The shift towards cleaner energy practices within the industry is noteworthy, particularly given the environmental concerns that have historically plagued Bitcoin mining. Critics have long criticized the significant carbon footprint associated with the process, citing high energy consumption and greenhouse gas emissions as major concerns. However, the data suggests that miners are taking steps to significantly reduce their ecological impact.
The positive implications of this development extend beyond the cryptocurrency market itself. For instance, if Tesla were to re-enable Bitcoin payments for its products, it could have a profound impact on the price of the digital currency. As we approach 2025, this scenario has the potential to drive prices upward, potentially even surpassing $200,000 according to conservative estimates.
Furthermore, the US dollar’s stable value serves as a catalyst for Bitcoin’s price growth. VanEck forecasts a maximum price of $180,000 by the end of next year.
Source: www.crypto-news-flash.com
