"The donor has made it clear to us that he believes the profits are undeserved wealth," a Green Party spokesman said.

A German national who considers the money he makes via Bitcoin to be "undeserved wealth" has donated more than $1.2 million to the country's green political party.

Moritz Schmidt, a software developer from the northeastern town of Greifswald, donated 100 to the German Green Party, also known as "Union 90," according to the Hamburg news outlet Die Zeit. million euros (approximately $1.2 million). Schmidt has made a fortune during the Bitcoin (BTC) bull market, but he wants to contribute to causes related to the environment and climate protection rather than stash away his cryptocurrency like a baby.

Germany is the first country in the world to grant legal status to Bitcoin. In August 2013, the German Ministry of Finance recognized the legality of Bitcoin, but it was not classified as a currency, but as a financial instrument as a unit of account.

A spokesman for the Green Party said: "The donor has shown us that he does not think these profits are his due wealth, he does not pursue it himself, and wants to use it in society to stick to his beliefs."

At the same time, he believes that the Bitcoin system is essential in the context of the necessary arithmetic operations that consume a lot of electricity.

Green Party records show that Schmidt's donation is the largest donation the party has received so far this year, doubling their previous highest donation of 500,000 euros ($600,000), which will For the party's federal election campaign and 2021 state election campaign.

It seems that software developers are not alone in wanting the crypto industry to go greener. Estimates show that Bitcoin mining consumes enough energy to use the entire country of Argentina, leading many to criticize Bitcoin mining for its negative impact on the environment.

But Mike Colyer, CEO of cryptocurrency mining firm Foundry Digital, said this week that he believes mining bitcoin will help us eventually transition to "a world where 100 percent of our energy comes from renewable sources."

As cryptocurrencies are recognized by more people, the value of cryptocurrencies such as Bitcoin is reflected in everything from donating to political parties to subsidizing households.

If it were you, would you donate the $1.2 million you earned in cryptocurrency?