Bitcoin settles a very, very tiny proportion of transactions. All of crypto has <1% of global amount of transactions, so they aren't offsetting anything meaning

Bitcoin settles a very, very tiny proportion of transactions. All of crypto has <1% of global amount of transactions, so they aren't offsetting anything meaningful. Visa, Mastercard, Unionpay, SEPA each settle more than 100 billion transactions per year, bitcoin has less than 0.2 billion transactions per year. Currently bitcoin consumes something like 0.25% of world's electricity for much less than 0.25% of world's transactions, so if we processed all transactions this wastefully, it wouldn't be enough to divert all the power production in the world to do so.