But you're ignoring the fact that bitcoin is about more than simply moving money. There is value in security and decentralization.
Further, GDP ignores consumption, it is gross product, not net product. Further indication to me that comparing bitcoin to power consumption of a small country is inappropriate. Apples to oranges.
Edit: after reading a couple articles on wikipedia, I'm confused. Gross implies product before subtraction of consumption (I.E. revenue), while wikipedia claims that GDP factors in so called intermediate consumption, which would make it more like a net value (I.e. profit). Do we have any economists browsing? Genuinely curious.
Further, GDP ignores consumption, it is gross product, not net product. Further indication to me that comparing bitcoin to power consumption of a small country is inappropriate. Apples to oranges.
Edit: after reading a couple articles on wikipedia, I'm confused. Gross implies product before subtraction of consumption (I.E. revenue), while wikipedia claims that GDP factors in so called intermediate consumption, which would make it more like a net value (I.e. profit). Do we have any economists browsing? Genuinely curious.