There is a great debate underway about the electricity required to process Bitcoin transactions. As a general matter, high sentiment beta assets are difficult to value and difficult to arbitrage. As a general matter, there is great disagreement among investors about the fair values of high sentiment beta assets. On one side of the argument, Musk contends that Bitcoin’s great need for electrical power is detrimental to the environment. The number of Bitcoin transactions processed per day was about 330,000 in December 2020, and about 400,000 in January 2021.

Source: Forbes July 08, 2021 05:56 UTC