There’s a good chance that doubling the price of Bitcoin will actually double the energy wasted on it given that roughly doubles how lucrative mining is. This is worse then doubling the market cap of a company that’s generally bad for the enviroment where doubling the market cap usually doesn’t mean doubling the enviromental problems.
From an ESG perspective a person investing in crypto would do better to invest it into a different coin then Bitcoin which actually has a plan to be less wasteful with energy. That might be Ethereum, something like Polkadot or even Filecoin (the work that has to be done to mine filecoin is storing files for people which is economically useful).
There’s a good chance that doubling the price of Bitcoin will actually double the energy wasted on it given that roughly doubles how lucrative mining is. This is worse then doubling the market cap of a company that’s generally bad for the enviroment where doubling the market cap usually doesn’t mean doubling the enviromental problems.
From an ESG perspective a person investing in crypto would do better to invest it into a different coin then Bitcoin which actually has a plan to be less wasteful with energy. That might be Ethereum, something like Polkadot or even Filecoin (the work that has to be done to mine filecoin is storing files for people which is economically useful).