Electricity Prices Remain Negative in Scandinavia and Bitcoin's Future Is Brightening

Electricity prices remain negative in Scandinavia. The cost of electricity to consumers has been falling for a few years, but it remains low compared to US prices. Indeed, the cost of electricity has dropped 17% since 2014, when it was at its peak. This is an encouraging sign for the future of bitcoin as well as other cryptocurrencies like Ethereum.

The reason why the cost of electricity in Scandinavia is so low is that they have an extensive network of renewable energy sources such as hydroelectric dams and wind turbines that produce very little pollution compared to fossil fuel power plants. fossil material. This means less need to use natural gas or coal to generate electricity and thus less pollution as these fuels are released into the atmosphere.

Another factor contributing to this low cost of electricity in Scandinavia is the absence of tariffs on green energy products such as wind turbines or solar panels, making them more affordable compared to other energy sources. traditional oil or natural gas. Also, there is no tax on green energy products