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Bitcoin is the King of Cryptocurrencies. It is our favorite cryptocurrency, which we have seen a big rise in recent years, especially in the last year. It is about high, but according to all the analyses, it has many chances to be even higher. I also estimate that in the long run, it will reach the price of 75 thousand dollars. We are currently seeing that after a recent drop where it reached $ 45,000 it is close to the $ 57,000 area and will definitely move even higher. The most famous Digital Asset, the king of cryptocurrencies has a risk that is likely to affect its price. Therefore there is a risk that may affect its price. On the positive side is the fact that many institutional investors include it in their portfolios. There is a rule that 1% of the portfolio must be exposed to Cryptocurrency. The second catalyst is that there are Bitcoin ETFs, Bitcoin futures, and Bitcoin options. So we see that they are getting a lot of tools, a lot of products linked to Bitcoin. But let's look at a risk that Bitcoin has and may affect its further growth, in further return on its price. Let's look one by one at the factors that may have a negative effect. Initially, the King of Cryptocurrencies requires a lot of computing power to execute transactions. The mining process is very energy-consuming. If it were a carbon footprint, it would be the size of Argentina. Also, a Bitcoin transaction emits carbon dioxide equivalent to 767,650 Visa payments. Based on the above, we understand that it does not meet ESG Investing's framework and specifically does not meet the environmental criterion. Note this for the following you will understand why I think there is a risk right now in Bitcoin. I want to inform those of you engaged in trading investing in Bitcoin to have your mind on energy consumption. In the graph, we see that Bitcoin has higher energy consumption than Austria, Bangladesh, and Chile. On the Cambridge University page now and I will show you the Bitcoin Electricity Consumption Index, ie the Cambridge Bitcoin electricity consumption Index. It is an indicator created by the University of Cambridge and we can get insights into Power Consumption in Bitcoin. We see that it has an increasing tendency. As time goes on, as the years go by the extraction process becomes more difficult. Computational algorithms require more computing power. So more energy and unfortunately at the same time the cost increases. Having said that, let's see what the number one risk right now is for our favorite cryptocurrency for the King of Cryptocurrencies. It is the carbon tax, ie taxation on carbon dioxide emissions. As is well known, the European Union has imposed a tax on carbon dioxide emissions. Specifically, the average is 34 euros per metric ton, while Sweden has over ... https://www.youtube.com/watch?v=kYGTzAHgPCA

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