Mike Novogratz: Bitcoin uses 0.12% of total energy usage

According to reports, Mike Novogratz, CEO of Galaxy Digital Holdings, stated that Bitcoin does not consume as much energy as everyone thinks. Bitcoin uses 0.12% of total energy usage. This is less than Christmas lights. Although the outside world has published many papers, it is said that Bitcoin uses more energy than entire countries such as Denmark, Iceland, and even Argentina. However, Novogratz said all this is based on weak data. Many of these countries use low energy anyway, and their populations are relatively small. Therefore, this comparison is invalid, and unless environmentalists want to compare the energy use of Bitcoin with the energy use of densely populated areas such as the United States and China, these studies have no value. Novogratz also stated that many Bitcoin and crypto miners have also turned to green energy in the past year, which has not entered the news media. For example, about 80% of the Bitcoin mining energy used by Galaxy Digital is green, and he believes that the company will reach 100% by the end of 2022.