Investment insights from Capital Group
What’s driving Bitcoin’s price surge?
Sources: Capital Group, Refinitiv Eikon. As of 12/19/2021.
Bitcoin mining consumes more power than some nations
Sources: Capital Group, Cambridge Centre for Alternative Finance, U.S. Energy Information Association (EIA). "TWh" refers to terawatt-hours. Latest available country figures are from 2019, while Bitcoin's estimated energy consumption is based upon trailing 12-month energy consumption, as of November 2021. The Cambridge Bitcoin Electricity Consumption Index provides a real-time estimate of the total electricity consumption of the Bitcoin network.
Bitcoin’s rapid growth has spawned many crypto competitors
Sources: Capital Group, CoinMarketCap.com. As of 12/17/21. All figures are estimates and subject to change based on volatility in coin prices, circulating supply and foreign exchange rates. "Market cap" refers to market capitalization and is calculated based on current price multiplied by circulating supply as quoted on CoinMarketCap.com.
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