Do Cryptocurrencies Have a Dirty Little ESG Secret?

[Tanimariya]

There’s a common argument that bitcoin and other cryptocurrencies are environmentally dirty – but that’s not necessarily true. Advisors need to be aware that the worlds of ESG and crypto are continuing to intersect in new ways. Environmental, social and corporate governance (ESG) and cryptocurrencies are two of the most prevalent, if not the hottest, investing trends in the world right now. But are they diametrically opposed?

I’ve always considered myself a somewhat mission-agnostic investor. Yes, I’d like to avoid investing directly in criminal or immoral activity when possible, but I emphasize simplicity when I deploy my money in financial markets. That sets me apart from many investors my age, who want to make sure they put their money to work in ways in accordance with their values. Source

[TomPluz]

We are now moving Bitcoin mining into renewable and greener options so that environmental concerns are addressed directly while not affecting its viability and profitability. We have to understand that there are far more other industries which are consuming electricity and are directly polluting the environment via air, water and land. Just go to China and you'll understand what I mean.  The big disadvantage of Bitcoin is that this is something still relatively new and therefore is getting a rather high coverage in the mainstream and social media hence the focus slapped on it these days. We should not be blinded by those people and entities who are also pushing for their own views and opinions on how the whole world should be running.