Why you should avoid Bitcoin

A man mining a bitcoin

Bitcoin has taken off ever since it entered the public eye more than a decade ago. Today, its price value is surging to levels that haven’t been seen before, leading investors to jump on the bandwagon. At the minute, it seems as if it’s an almost guaranteed return on investment. Of course, things are not what they appear on the surface.

For starters, the upfront costs are very steep, meaning that investors need a bottomless budget if they are going to see the type of returns that they hope are possible. Secondly, even with support from business owners and captains of industry, there’s no getting away from the volatility of the market. The bubble could burst at any point, leaving you vulnerable to losses.

However, it’s the small details that go under the radar that might finally encourage you to avoid Bitcoin and cryptocurrency investments. After all, Bitcoin is incredibly damaging to the environment as mining rates lead to high electricity usages across the world. In a culture where sustainability is imperative to lots of people and is growing in importance daily, this element can be enough to force you to search elsewhere for profits. As the research intensifies, the results are only expected to get worse for investors who want to be eco-friendly and wealthy.

To learn more about how Bitcoin is damaging the planet, you should check out the infographic underneath. In it, you’ll find concrete evidence that points to the harsh reality of cryptocurrency mining and the potential side-effects for the planet.


designed by Arbtech Consulting Ltd

(collaborative post)