Reasons Why The Crypto Dream Is Turning Into A Nightmare

Environmental Regulations

The environmental cost of cryptocurrencies is staggering because they use a ludicrous amount of electricity. Countries like Ireland and Sweden consume less energy than global Bitcoin mining. Unsurprisingly, this is extremely controversial because of the threat of climate change to the world.

Now the U.S. and E.U. are threatening cryptocurrencies with penalties if they don’t clean up their act. This was a significant driver behind Ethereum’s ‘The Merge.’ Many crypto creators are slowly realizing that they won’t be able to operate with impunity forever (via The Guardian).