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Bitcoin Cointelegraph

Why banking uses at least 56x more energy than Bitcoin

“Bitcoin uses 0.5% of world energy consumption. Banking uses 56 times more energy than Bitcoin,” Michel Khazzaka, a cybersecurity engineer and cryptographer, told Cointelegraph.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Why banking uses at least 56x more energy than Bitcoin

“Bitcoin uses 0.5% of world energy consumption. Banking uses 56 times more energy than Bitcoin,” Michel Khazzaka, a cybersecurity engineer and cryptographer, told Cointelegraph.

Why this matters

This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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