Critical Evaluation of Andrew Sorkin's Press Article "Bitcoin's Climate Problem"

Academic Paper from the year 2021 in the subject Economics - Finance, grade: 1.3, Edinburgh Napier University, language: English, abstract: This assessment is based on Andrew Sorkin¿s press article ¿Bitcoin¿s Climate Problem¿ and will critically evaluate the significance of Bitcoin in the world wide finance sector and how even possible positive impacts on the environment can occur.

This assessment provides an overview of the current challenges for Bitcoin in terms of energy consumption and electronic waste. On the other hand, it takes into account assumptions that energy for Bitcoin mining comes from renewable energy sources. It also explains research gaps that were not collected in Sorkin¿s article and this critical review. Finally, Sorkin¿s press article is assessed and an outlook is given.