/MORGAN STANLEY: Bitcoin could use more energy than Argentina this year

MORGAN STANLEY: Bitcoin could use more energy than Argentina this year



Bitcoin mining could use more electricity in 2018 than Argentina, Morgan Stanley said in a note to clients Wednesday. It could also use more energy than electric vehicle power demand in 2025. The cryptocurrency could make up 0.6% of the world’s consumption in 2018 and force utility stocks to adapt.

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