Compass Investments

Crypto vs. Dollar

📌 Cryptocurrency analyst Willie Wu says this is the “scariest graph” he has ever seen, regardless of bitcoin.

In this thread, Mr. Wu says, Of the major systems of the biosphere (as you said, there are about 17), the first four are already collapsing and cannot be saved. One of them is coral reefs. Australia is losing its barrier reefs.. Bitcoin

– In this thread, Mr. Wu says, “Of the major systems of the biosphere (as you said, there are about 17), the first four are already collapsing and cannot be saved. One of them is coral reefs. Australia is losing its barrier reefs.”

Why it matters: Wu’s startling tweet was made amid growing concern about the looming threat of climate change. The Doomsday Clock, a project of the Bulletin of Atomic Scientists that tracks the likelihood of global catastrophe, was set earlier this year to 90 seconds to the nearest midnight.

In addition, philanthropist and Microsoft co-founder Bill Gates expressed concern at COP28 that global warming could exceed a critical 2 degrees Celsius. This could cause irreparable damage to people, wildlife and ecosystems.

Recently, the European Central Bank (ECB) announced that bitcoin has zero intrinsic value, emphasizing its harm to the environment and wealth inequality.

There is also debate about the environmental impact of cryptocurrencies. Bitcoin activists criticize bitcoin for the energy it consumes. Bitcoin supporters emphasize the potential for clean energy integration, but warn that government intervention is stifling innovation.

Price Dynamics: according to Benzinga Pro, bitcoin was trading 1.5% higher at $70,953.01 at the time of writing.

Benzinga Neuro’s GPT-4-based content generation system, Benzinga Neuro, leverages Benzinga’s extensive ecosystem, including proprietary data and APIs, to create complete and timely articles. Read more.

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Bitcoin

Bitcoin

$64,032.85

BTC -0.93%

Ethereum

Ethereum

$3,059.68

ETH -1.40%

Binance Coin

Binance Coin

$560.73

BNB 0.48%

XRP

XRP

$0.51

XRP 2.61%

Dogecoin

Dogecoin

$0.16

DOGE 1.14%

Cardano

Cardano

$0.49

ADA 7.33%

Solana

Solana

$143.08

SOL -1.39%