Bitcoin’s climate damage is similar to beef and crude oil, says new study

The environmental and social damage Bitcoin inflicts on the world is comparable to notoriously polluting industries such as beef production and crude oil burned as gasoline, according to new a new

published today in the journal Scientific Reports. The research found that every $1 in Bitcoin market value generated an average of 35 cents in global climate damages between 2016 and 2021.

For comparison, gasoline generated 41 cents, and beef…