Research: 55% of Britons will not support a ban on bitcoin to improve the environment

On the eve of the 2021 UN Climate Change Conference, YouGov surveyed UK residents about the impact of the Bitcoin ban on greening the planet.

According to the information received, in the course of the survey, the majority of UK residents did not
will support the introduction of harsh measures against bitcoin for environmental reasons. Despite the fact that Bitcoin mining accounts for 0.46% of all global electricity consumption, 55% of Britons do not believe that a ban on Bitcoin will make the planet cleaner.

Up to 45% of Britons will support a ban on cryptocurrencies that use mining to help cope with climate change, including 29% “strongly support” it. At the same time, only a quarter of those surveyed (26%) are firmly convinced that a ban on cryptocurrencies will be an effective means of combating climate change.

The percentage of Bitcoin supporters and opponents varied across different age groups. The older age group interviewed were active supporters of the Bitcoin ban as a measure to save the environment. 64% of seniors over 65 are ready to support the government in this initiative. Of young people under 24, only 21% will support the authorities if they introduce a complete ban on bitcoin. At the same time, men were more likely to oppose the ban than women. This is due to the fact that the male half of the population is much more involved in the crypto industry than women.

Recall that Elon Musk this year used Bitcoin’s environmental friendliness as an excuse to refuse to accept cryptocurrencies as payment for Tesla electric vehicles. The Chinese authorities believe that the ban on bitcoin will not only stabilize the financial system within the country, but will also have a beneficial effect on the environment. At the same time, mining companies are increasingly using nuclear power to improve energy efficiency, reduce carbon footprint and meet government requirements.