Environmental concerns prompted Elon Musk to back down on Tesla’s acceptance of Bitcoin. However, a recent report revealed that Bitcoin (BTC) consumes less energy than traditional financial industries. The document was prepared by the consulting firm Galaxy Digital, which supports Bitcoin. In it, the company
In recent months, the United States banking giant Goldman Sachs Inc. has devoted more attention to Bitcoin. After “repudiating” Bitcoin as a form of investment in May 2020, the financial institution started to reconsider its position on cryptocurrency. In early March, for example, the bank
According to bank of america, for the first time in more than a year, global investment managers are more worried about the risk of inflation on markets than they are about the risk of Covid-19, a survey released on Tuesday found, as Wall Street looks
The giant banking company Citi has produced a new report, suggesting that bitcoin could become an “international trade currency” as it evolves. The report, entitled “Bitcoin: at the Tipping Point”, maps the evolution of the cryptocurrency: from a form of payment to its current value