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Economist warns Bitcoin may crash to zero due to unsustainable energy use and climate impact.

Market News
07 Apr 2026
Zycrypto
View Source
Bearish
pluang ai news

Professor Steve Keen, known for predicting the 2008 financial crisis, warned that Bitcoin is likely headed towards zero because its mining infrastructure consumes unsustainable amounts of energy, contributing to climate change. He argues that the global reliance on non-renewable energy and material shortages make it impossible to shift Bitcoin mining to fully renewable sources. While Bitcoin uses some renewable energy, Keen believes the overall energy consumption must be limited, which could threaten the crypto economy's future. Despite this, Bitcoin remains important for many in developing countries as a hedge against inflation and a form of monetary freedom.

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