Back in 2017 The World Economic Forum themselves said that Bitcoin would consume more power than the whole world by 2020. We are in 2023 and the complete opposite happened.

Bitcoin has a very long list and history of global organisations, that are often from the governments, spreading news articles and reports to basically “defame“ it you could even say as most of their reports have no source at all or just a very bad sample applied to the reality. One of them has been the World Economic Forum, arguably one of the most shaddy organisations out there.

The WEF tweeted an posted a report in 2017 about the very bad influence Bitcoin could have on the world, their reason is just the cliche: Bitcoin will consume more energy than the whole by 2020.

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Tweet by WEF, picture from Bitcoin Magazine

We all and probably even the people associated to Crypto in 2017, know that this is just complete BS on multiple levels and just another lie by the WEF. Now we are in the year 2023 and basically the complete opposite has happened.

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Picture from Bitcoin Magazine

Bitcoin mining council has confirmed that at least 59.5% of BTC is being mined by sustainable energy and that is just the data from Q2 2022, today it is likely near 63.8% according to recent estimated. That is a lot more than all countries of the WEF combined probably.

I am not saying that Bitcoins energy usage is perfect, it is far from that but in contrast to all those rich and greedy countries, Bitcoin miners are trying to bring in a change.