What the Blog? is an Essentials video series discussing what’s next for The Future of Money*, and how topics like *fintech, finance AI, and digital transformation in banking, are becoming more important than ever before. Editors Isabella Moulton and Martin Jacobsz bring you a snappy summary of articles directly from our expertly curated Future of Money Essentials Newsletters. Check out our blog here.

Our first article covers a new discovery in Bitcoin news: Bitcoin mining and its resulting energy usage might not be as high as we thought. The annual energy usage of Bitcoin stands at 114 TWh, while the banking industry consumes over 260 TWh each year. Now, in some regards we have to take this study with a grain of salt because the banking industry does not directly report electricity consumption data. Regardless, this cryptocurrency news should make us question Bitcoin’s real energy consumption. Read it here.

Our second pick outlines why Bitcoin is better at being gold than gold is. Why? Because bitcoin is more secure, it’s safer from seizureship because it isn't reliant on centralized third parties, it’s harder to create, isn’t subject to inflation, is borderless and decentralized, doesn’t require trust in a government entity, is easily portable, extremely liquid, and is scarce-- meaning Bitcoin prices are reliable. So, what’s your feeling about this latest banking news? In what seems like the age old debate: Gold vs Bitcoin? Which would you choose? Read it here.