In fact fiat money worldwide cost much more to produce and manage. Those who say cryptos are more expensive are selectively neglecting the banking systems that takes up so much resources to upkeep and upgrade.
Cryptocurrencies like Bitcoin Consume Significantly Less Resources than Fiat Money
Earlier this week, I wrote on social media that it costs significantly less energy to produce cryptocurrencies like bitcoin and Ethereum. The responses were, “that’s not true, once fiat money is created, no additional energy is required.”
Perhaps a better way to phrase the statement was to replace energy with resources, as fiat currencies do require significantly more resources than cryptocurrencies……
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