Pomp, Bitcoin podcaster and influencer and in his recent interview, said:
“We shouldn’t apologize for Bitcoin’s energy usage, crucial things in the world use energy.”
Anthony “Pomp” Pompliano said that there is no need to “apologize” for Bitcoin’s energy use because “crucial things in the world use energy.”
Pomp made the comments in a Dec 27 interview on CNBC’s morning news and talk program, “Squawk Box,” with Joe Kernen.
During the interview, he also claimed that many people are missing “key points” in the “climate argument” against the BTC. It is especially in terms of comparisons with fiat currencies like the U.S. dollar.
He further added:
“There is a linear relationship between energy consumption and the dollar system. To support more users and more transactions, we need to consume more energy, more data centers, more bank branches, more ATMs.”
- Bitcoin employ 8X the energy of Google and Facebook
The interview of the Pomp was broadcast on the same day as the release of new research from Trading Platforms. The research found out that the energy consumption of the Bitcoin (BTC) ecosystem is eight times (8X) as compared to the amount of both Google and Facebook combined.
Moreover, the report assessed that “fears lie in the amount of electricity that such a small sector consumes. The Cambridge Bitcoin Electricity Consumption Index states that the BTC ecosystem consumes 125.04 terawatts per hour annually. This consumption is similar to the energy use of an e small country such as Chile or the Philippines.
Ultimately, the controversy surrounding BTC’s energy consumption is far from new and is unlikely to settle itself any time soon.
