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I am a financial advisor, and my clients have owned bitcoin since 2019. In the last couple of years, several of them have expressed concern about Bitcoin’s ESG credentials. How ironic.

My analysis indicates that bitcoin is not only more ESG-friendly than you’ve heard, but that it is probably the most ESG-positive investment in my clients’ portfolios. Here’s why.

Environmental

There are several ways in which Bitcoin is a net positive for the environment, not a net negative.

At minimum, Bitcoin aims to replace the market for gold. If it succeeds, the world will be far better off, environmentally. That’s because today, the gold mining industry produces more than triple the carbon emissions that Bitcoin does while also pouring toxic chemicals into the ground.


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Blockchain Beat

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