A recent study from the International Monetary Fund (IMF) showed that AI and cryptocurrency use is leading to a rise in carbon emissions. This made Bitcoin supporter Daniel Batten extremely furious.
Because Bitcoin mining is said to have an effect on the environment, the IMF study suggests that authorities think about putting in place a “crypto carbon” tax.
Batten has said that the study is flawed because it uses old data and bad comparisons. He was especially upset with the IMF’s “guilt by association” method, which says that Bitcoin mining and AI data centers both have significant carbon footprints without any modern proof.
Batten Counters Bitcoin Criticism
Batten’s response focused on how, unlike AI data centers, BTC mining has been shown to have a net decarbonizing effect on energy systems. He used studies to back up his claims.
He also said that the IMF was using fake sources and models that do not exist, which he thinks changes the truth about how Bitcoin mining really affects the environment.
Batten pointed out that separate data goes against the IMF’s predictions and shows that BTC contribution to the world’s carbon dioxide emissions and energy use is likely to go down by 2027.
He asked for more honest and correct study and emphasized that more and more scientists agree that Bitcoin mining is beneficial for the environment. Batten told policymakers that the IMF report as it is now is misleading and should not be used as a source of information.
