During a Clubhouse interview with CNBC’s Andrew Ross Sorkin, Microsoft co-founder Bill Gates slammed Bitcoin for its excessive energy use, arguing that it consumes more electricity than “any other method known to mankind.”
Bitcoin uses more electricity per transaction than any other method known to mankind, and, so, you know, it’s not a bad climate thing.
However, he would be “okay” with Bitcoin if it relied exclusively on green electricity:
If it’s green electricity and it’s not crowding out other uses, eventually, you know, maybe that’s okay. I don’t see the topic as deeply related even though you might label me a Bitcoin skeptic.
Gates reiterated that he’s yet to hop on the Bitcoin train after recently mentioning:
I haven’t chosen to invest in Bitcoin. I buy Malaria vaccines. I buy measles vaccines. I invest in companies that make products.
