- Majority of current bitcoin transactions (at least 75%) are estimated to be happening for pure speculation purpose instead of purchasing goods.

- Bitcoin mining costs ~$1.5–3B annually and generates ~$7.2B in revenue but it’s profitable because of continuous price surge.

- At current rate of Bitcoin growth, Bitcoin mining will require all the electricity produced in the U.S. by July 2019, and all the electricity produced in the entire world by February 2020 (assuming no new energy-generating capacity is added). It is not sustainable unless we keep finding new and significantly more efficient sources of energies.

- Even if…

Munir Usman

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