According to a new analysis by Daniel Batten, managing partner at CH4 Capital and a renowned Bitcoin ESG researcher, the BTC network has achieved three remarkable new all-time highs. However, these milestones are not related to its price, which has yet to surpass the previous peak of $69,000.♻️source
— Daniel Batten (@DSBatten) February 12, 2024
“These publications reveal a transformative potential in the BTC mining sector, especially regarding demand response, grid flexibility, and methane mitigation,” Batten highlights, challenging the mainstream media’s often critical perspective of Bitcoin’s environmental impact.
With this comprehensive analysis, Batten not only sheds light on BTC’s pivotal role in environmental sustainability but also underlines its growing appeal among global investors, particularly within the ESG-focused funds. As Bitcoin continues to achieve new records in sustainability and innovation, it reinforces its position at the forefront of aligning economic incentives with environmental goals, paving the way for broader institutional acceptance.
At press time, BTC traded at $50,116.
BTC price breaks above the 0.618 Fib, 1-week chart | Source: BTCUSD on TradingView.com
Featured image created with DALL·E, chart from TradingView.com
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Author: Jake Simmons