HomeBitcoinGreenpeace criticizes the approval of Bitcoin EFT, saying it's bad for the...

Greenpeace criticizes the approval of Bitcoin EFT, saying it’s bad for the environment and society.

-

Greenpeace, a group that protects the environment, has spoken out against the recent approval of some new bitcoin investment products. They say it shows that the financial industry is supporting pollution caused by bitcoin. The organization thinks that Blackrock, Fidelity, and other financial companies who support a Bitcoin ETF should help fix its carbon emission problems.

Greenpeace wants companies that manage Bitcoin investments to help reduce the pollution caused by Bitcoin.

Greenpeace, a group that shows problems with the environment all over the world, didn’t agree with the decision to allow new bitcoin ETF products in the U. S The Securities and Exchange Commission (SEC) is a government agency that oversees and regulates the stock market and companies that sell stocks and bonds to the public. Rolf Skar from Greenpeace USA said that this change would make it simpler to invest in bitcoin, which they believe is harmful to the environment.

Making fun of many news stories, Skar said:

The Bitcoin ETFs getting approved is a big moment for the financial industry and it means they are supporting Bitcoin, which is bad for the environment. This makes it harder for us to reduce carbon emissions and avoid the worst effects of climate change.

Additionally, Skar said that this product will increase the price of bitcoin because more people will want to buy it. He said that when the price of bitcoin goes up, more people start mining it to get the rewards.

Skar said that most of the power used for these tasks comes from burning fossil fuels. This causes more carbon emissions and uses a lot of water. “The SEC approving a Bitcoin ETF is good for rich Wall Street bosses, but bad for the environment and people,” he said.

Greenpeace used to take bitcoin donations, but they stopped because it’s bad for the environment. They want to change how bitcoin works. This means changing how Bitcoin works so that it uses less energy to run and protect the network.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

A well-known expert thinks the price of Bitcoin will reach $64,000 in 2025.

In a big deal, Bitcoin went past $64,000 on Thursday, which hasn't happened in over two years. Bitcoin is doing really well right now. Its...

EOS shows it is keeping 2 million EOS safe.

In the ever-changing world of decentralized finance (DeFi), protecting digital assets is most important. Recent EOS events demonstrate the importance of strong security. The recovery...

AI is the future for making diets and preventing diseases that are made specifically for each person.

AI is being used to make diet plans that are personalized and can help you lose weight and stop illnesses like Alzheimer's and cancer. ...

Strike CEO Jack Mallers says company will start offering services in Africa.

Today, Jack Mallers, the CEO of Strike, has announced the expansion of Strike's suite of Bitcoin services into several African markets. I just published Announcing Strike...

Most Popular

ADVERTISE HERE