Collaborative Post
Advancements in technology are always seen as healthy, particularly in an industry where they help to increase your wealth. With the right software, for instance, you can take £5 and turn it into £500 or £5,000. With leverage ratios such as this, it’s surely a good thing that tech has revolutionised the investment sector.
There’s no doubt that accessibility is far greater than it was before. Today, a beginner can take their budget and funnel it into funds and trades that were once reserved for intermediates and experts. Still, there are pitfalls to advanced technologies that you might ignore because you are unaware of the side-effects.
The biggest is the impact of cryptocurrencies on the environment. Bitcoin has transformed into a wonderful opportunity for many people, with its index price continuing to surge. There appears to be no end to the growth. But, beneath the surface, there are sustainability issues that investors should know about, such as the energy usage required to mine. Technology is only adding to the problem as it makes it easier to mine coins. And, as the demand skyrockets, more and more investors are purchasing systems to help them get a piece of the action.
Do you want to learn more about the side-effects of Bitcoin and how it is damaging the planet? If the answer is yes, you should take a look at the following infographic. It explains how technology is causing Bitcoin’s carbon footprint to hit new levels never seen before, and why that’s bad for society.
designed by ARBTECH
