August 31, 2021 – Environmental, social and governance (“ESG”) concerns are top of mind for investors. From an ESG perspective, historically, bitcoin has had a mixed track record. Bitcoin’s distributed authority and immutable blockchain grant it strong attributes from a governance perspective. We believe the fact that bitcoin provides easy access to a predictable supply of truly sovereign money that cannot be manipulated by central banks or inflated by governments makes bitcoin one of the strongest ranking assets from a social perspective.
However, given the bitcoin blockchain’s energy-intensive proof of work algorithm, the asset ranks poorly from an environmental perspective.
Hear Julian Klymochko discuss why bitcoin can help diversify your portfolio, and how Accelerate changes bitcoin’s negative environmental outcome, on the webinar.
He is the author of the book Reminiscences of a Hedge Fund Operator and host of the Absolute Return Podcast. Julian also made recent appearances on Bloomberg, the Wall Street Journal, CNBC, Business Insider and other top financial media outlets, sharing expert insights on SPACs.