Last year saw some remarkable milestones in the world of crypto-currencies and more specifically Bitcoin. It’s market capitalization crossed $1 Trillion, aBitcoin ETF (Exchange Traded Fund) debuted on the New York Stock Exchange, and El Salvador adopted Bitcoin as legal tender, just to name a few.
Naturally, this meteoric rise and widespread adoption has come with intense scrutiny. Congress has taken an interest in Bitcoin and the blockchain validation process commonly referred to as Bitcoin mining. Unfortunately, some members of Congress hostile to crypto-currency have trotted out the strawman argument that Bitcoin mining is bad for the environment due to the amount of energy consumed for the mining process.
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