Salvadoran Ecologist Claims Nayib Bukele’s Volcano-Powered Bitcoin Mine Will End in Environmental Disaster –

El Salvador’s leading ecologist Ricardo Navarro believes that mining Bitcoin using a volcano or geothermal energy “will end in an environmental catastrophe.” Navarro believes geothermal energy costs more than oil and finds El Salvador's millennial president Nayib Bukele's decision questionable.

Salvadoran ecologist Ricardo Navarro questions his country's volcano-powered Bitcoin City venture

In the second week of June, El Salvador's President Nayib Bukele said to the public that the Latin American country planned to mine Bitcoin ( BTC ) with energy from volcanoes in the country. End of September, Bukele shared a video of the first construction of the volcano-powered Bitcoin mining facility in Salvador. Now the president and his government have been criticized by El Salvador's leading ecologist Ricardo Navarro.

The Salvadoran ecologist explained Telegraph employee Simeon Tegel said developing a “Bitcoin City” next to a volcano makes no sense. “When you talk about building this city next to a volcano, it's like thinking you're rich because you live next to a bank,” Navarro said. Navarro also explained that geothermal energy is still an expensive endeavor and is not much better than using petroleum wells. Navarro insists:

​​Geothermal energy still costs more than oil, otherwise we would use more of it. What will end up happening is that we will simply buy more oil.

Navarro insists that “Bukele doesn’t really understand what’s going on with the energy situation”

Navarro is affected about the consequences of the world's so-called climate crisis. The ecologist heads a non-governmental organization CESTA (Salvadoran Center for Appropriate Technology) and he recently discussed the topic with Politico contributing writer Bjarke Smith-Meyer on November 10.

At the time, Navarro rejected the idea of ​​a volcano-powered Bitcoin mining facility, as he firmly believes the facility will require more energy resources than just geothermal energy. “I have the impression that Bukele doesn't really understand what's going on [with] the energy situation,” Navarro told the reporter. “That will certainly complicate demand.”

Navarro also claims that the digital currency environment in El Salvador could attract drug lords. Salvadoran ecologist says Bitcoin tender law was implemented hastily and without debate. "If you have something good to promote, you propose it, discuss it, and then make your arguments. But that wasn't the case with Bitcoin," Navarro emphasized to Smith-Meyer.

What do you think of the Salvadoran ecologist's opinion on the volcano-powered Bitcoin mining facility in El Salvador? Let us know your thoughts on this topic in the comments below.

Photo credits: Shutterstock, Pixabay, Wiki Commons