Ki Young Ju, CEO of CryptoQuant, a community-driven blockchain data analytics platform has stated that the next Bitcoin bull run will be driven by energy companies alongside traditional finance institutions.
In a thread of Tweets, the analyst broke down how his predictions were going to unfold even as regulators around the globe continue to leapfrog rules that seek to regulate the crypto mining sector.
“The first change we’ll see is that the bitcoin network will be run by solar and wind which became the most cost-effective electricity source lately.” Young wrote on Monday.
Today, 62% of crypto miners globally use hydroelectric energy with only about 15%-17% of Bitcoin miners using solar. This has caused strains between various governments and local miners. According to Statista, as of May 2021, Bitcoin was using more energy than Switzerland, Norway, Bangladesh, and many more countries. Young however believes this could be remedied with miners increasingly committing to green energy....
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...