![](https://www.businessinsider.in/photo/81781943/bitcoin-uses-as-much-energy-as-sweden-and-is-on-course-to-use-even-more-experts-say-thats-a-major-problem-for-its-future-.jpg?imgsize=593277)
Business Insider | 31/03/2021 08:57 PM | Click to read full article
As bitcoin surges to unprecedented value, the sprawling matrix of computers around the world that run its software is now consuming as much energy a year as Sweden.
Iran was recently rocked by power outages that were partly blamed on bitcoin. Bill Gates recently warned bitcoin was "not a great climate thing." U.S. Treasury Secretary Janet Yellen has called its energy use "staggering."