Trump Crypto Trade Is Bad For Environment
Worldspectrum Pexels
Former president Donald Trump is using his name to help a new crypto firm–World Liberty Financial. Few industries have led to a surge in electricity use in the US, and the need of fossil fuels to provide this energy.
According to Axios, “It’s a crypto project he promoted last night in a meandering two-hour livestream on X that was remarkably light on detail.”
EIA Forecast
The EIA says that between .6% and 2.3% of electricity use in the US is due to cryptocurrency mining.
The open question is whether the former president believes in the new industry or whether he believes that the billionaires behind it will support his campaign.
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