Experts interviewed by Business Insider have dispelled one of the main fears around Bitcoin, associated with a possible shortage of electricity due to the excitement around mining.

The head of the Kraken cryptocurrency exchange Dan Held notes that critics of Bitcoin and other cryptocurrencies, who draw attention to the fact that miners consume the amount of electricity comparable to the needs of an entire country, argue out of context.

Particularly, it does not take into account that any developing technology requires electricity consumption. According to Held, people do not pay attention to the fact that the traditional economy in general and any of its industries also consume quite a lot of energy.