Harvard's massive bitcoin bet is an environmental disgrace
The Ivy League school's endowment made a $443 million investment in bitcoin. The global computing network used to support the crypto uses more energy than Poland.Well, well, well. It looks like Harvard University isn't quite so green after all.Or, maybe more accurately, the "green" that the college cares about isn't the one related to the environment.Harvard's staggering $57 billion endowment has just revealed a $443 million investment in bitcoin, the fake currency and money-laundering tool that is also an environmental catastrophe.For illustration, the global computing network used to support bitcoin already uses more energy than Thailand or Poland - yes, really. The amount of energy used by bitcoin every year would power Great Britain or Italy for more than seven months.We look forward with great excitement to the next pronouncement from Harvard about the global environmental crisis, the melting of the polar ice caps, the rising of the seas and the end of life as we know it.Harvard's
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