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I also think with bitcoin, and with the other cryptocurrencies, I think there’s a real issue about the environmental impact as well, this whole notion of how much energy is consumed just to keep the currency tracking going
Bitcoin’s massive energy demand became a hot topic in 2021, with New York politicians recently considering a bill that would halt mining for three years.
Warren points out that bank deposits don’t use much oil, advising shoppers to be more “sensitive” to their decisions.
When it comes to cryptocurrency regulation, the former presidential nominee depends on the experience of the United States Securities and Exchange Commission:
I put this one, again, with the SEC, a reminder why we need a good strong regulatory agency that can continue to update.
During her March appearance on CBNC, Warren predicted that Bitcoin “would end badly.”