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Bitcoin may achieve carbon negative status, Daniel Batten says

Bitcoin may achieve carbon negative status, Daniel Batten says
Bitcoin could achieve carbon negative status

Daniel Batten said Bitcoin is already responsible for destroying significant amounts of methane by utilizing flared gas. He added that, as a result, Bitcoin could feasibly become the world's first carbon negative industry.

Batten has previously suggested that combining Bitcoin mining with carbon credits could create profitable incentives to reduce landfill methane emissions, according to a recent note here. He has also highlighted the health risks for the approximately 15 million people living near landfills and the potential for Bitcoin mining to address related emissions here. These earlier statements align with his latest comments on Bitcoin’s environmental impact.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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