June 21, 2021

Bitcoin Just Got Cancelled

Elon Musk and Tesla just recently dropped Bitcoin, and instead - might move towards a more carbon neutral option, like Dogecoin, instead - here are the implications of this happening, Enjoy! Add me on Instagram: GPStephan GET YOUR FREE STOCK…


Elon Musk and Tesla just recently dropped Bitcoin, and instead – might move towards a more carbon neutral option, like Dogecoin, instead – here are the implications of this happening, Enjoy! Add me on Instagram: GPStephan

GET YOUR FREE STOCK WORTH UP TO $50 ON PUBLIC & SEE MY STOCK TRADES: http://www.public.com/graham

GET UP TO $250 WORTH OF BITCOIN FROM https://www.blockfi.com/graham

THE NEW PODCAST: https://www.youtube.com/channel/UCMSYZVlQmyG8_2MkIKzg0kw

The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF

The other night, Elon announced that Tesla would NO LONGER be accepting Bitcoin as payment due to environment concerns, and the market immediately sold off, posing some new problems: One, is Bitcoin actually as BAD for the environment as we think it is, and two: will this cause OTHER companies to follow suit, further driving down the demand?

In terms of Bitcoin’s energy consumption, technically…Elon Musk isn’t WRONG, and this has been a well-known effect of Bitcoin for quite some time….but, actually analyzing how much energy Bitcoin uses isn’t an easy answer.

On the surface, the Cambridge Center for Alternative Finance claims that Bitcoin consumes around 110 Terawatt hours per year – which is over 0.5% of the global energy production, and roughly equivalent to the annual energy draw of small countries like Sweden.

One study conducted in 2019 found that 73% of Bitcoin mining was CARBON NEUTRAL, making Bitcoin mining more renewables-driven than almost every other large-scale industry in the world. Another study came to a different conclusion, saying that 39% of Bitcoin mining was driven by renewable energy…but, even if we assume the lower number is correct, that’s still more than TWICE THE AMOUNT of the US energy consumption grid.

The other interesting idea that this research found was that, unlike the current financial system which draws energy from where offices are physically located – Bitcoin can be mined from anywhere in the world, allowing it to take advantage of alternative energy sources, like hydro-power, which largely goes to waste in certain countries, because it can’t be easily transported through other regions.

In terms of the BIG PICTURE though, the Goal Carbon Project found that the world produced 34 BILLION Metric Tons of carbon emissions in 2020…which is 620 times MORE than what Bitcoin is estimated to generate.

But, the fact still remains…OBJECTIVELY, Bitcoin uses a lot of energy…and while it’s nearly impossible to quantify exactly how much…when you add everything up across the board, it appears as though it uses 20% MORE power than the ENTIRE BANKING SYSTEM….and, lets be real…that’s a lot.

To me, I’m not so concerned about Tesla NOT selling their cars with Bitcoin…personally, I just saw that as a bit of a gimmick, and even though it was a fun concept…I highly doubt THAT many people were using Bitcoin to buy a Tesla beyond a novelty. The bigger implication is Tesla publicly denouncing Bitcoin because of its energy consumption, which is a move that other companies will probably follow.

The way I see it, Tesla is very much an industry leader and what THEY do, others copy…so, if Tesla has a problem with bitcoin, most likely, others will, as well…and that’s where we could see this having a negative affect throughout the market.

The fact is, Bitcoin DOES use a significant amount of energy…but, more research needs to be done to determine where that energy is coming from, and compare it with other aspects of the banking system to come up with a true 1-to-1 comparison.

I say this not to DISMISS how detrimental Bitcoin can be, but instead, to come up with REAL numbers that we can actually worth with to create a more sustainable future. This is going to highlight potential issues of not only Bitcoin, but the entire cryptocurrency market, and serve for a huge push towards more sustainable energy…of which, Tesla has a vested interest in solar and battery technology.

My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB

For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com

*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/

Benefits of Marketing Online

Advertising and marketing demands are the specific no issue just how huge or very little your business is: 1) Brand name your item. 2) Recognize who your target visitors is. 3) Get the item sales. 4) Establish up repeat customers. On the internet advertising and marketing is really effective in arranging all 4 of these policies.

Generating Promotion That Is Free

Among the perfect means to get leads on the Website is by getting a service mention or a free web link on one more site. Efficient web advertising and marketing is all about putting your item or solution dealing with prospective customers at the local time that they are searching for it. This strategy is called “pinpoint marketing”. Pinpoint advertising is significantly different than marketing on radio or tv, which are called “interruptive marketing” strategies. Interruptive advertising sets you back a lot greater than identify marketing as well as is much less effective for the straightforward cause that you’re producing to place your item around before everybody as opposed to determining those possible clients who intend to learn more about you and also your company.

If You’re Not Advertising Online, You Will Lose

These are some steps to what it takes for your customers to discover you and what you sell. I cover some essential areas with a couple of fast ideas to remarketing to possible leads.

Effective Marketing Strategies Using Web Push Notifications

In this article, you will certainly get efficient advertising methods using internet push alerts. Right here are several of the crucial elements that enhance business reach through web press alerts.

Got An Online Business? Now What Happens?

Social network advertising, WordPress, YouTube, SEO, blogging, re-targeting, Pay Per Click, Google AdWords, Google Analytics … the list of different jobs for your online business can seem frustrating. Below are 5 wise suggestions for your online company that you can do on your own, also if you have extremely little technical competence.