100X Bitcoin energy use would mean 'absurd' $20M BTC price — developer

Cointelegraph

Published Jul 19, 2022 04:18AM ET

Updated Jul 19, 2022 06:00AM ET

A new contributor to the Bitcoin (BTC) energy debate says that 1 BTC would have to cost $20 million to use 100 times its current energy demands.

In a Twitter (NYSE:TWTR) debate on July 18, Sjors Provoost, a Bitcoin developer and author of “Bitcoin: A Work in Progress,” cast doubt on the largest cryptocurrency’s future energy use.

Bitcoin Puell Multiple chart. Source: LookIntoBitcoin

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