Seeking Alpha
2021-06-05 16:01:16

Bitcoin's trillion dollar issue: ESG takes stage at Bitcoin 2021 conference

The number one issue keeping institutions like pension funds and sovereign wealth funds from allocating assets into Bitcoin (BTC-USD) is ESG concern, says Kevin O'Leary, moderating a panel of Bitcoin miner CEOs: Fred Thiel of Marathon Patent (MARA), Jason Les of Riot Blockchain (RIOT), and Frank Holmes of Hive Blockchain (HVBTF).Holmes made an attempt at suggesting a two-tier system for Bitcoin, noting every single fresh coin he mines is pure - coming via renewable energy and was never used in any sort of suspect transaction. Needless to say, it wasn't a popular line with the attendees.Riot's Jason Les quickly took the opposite view, saying one of Bitcoin's strengths is its total and complete fungibility and that this must always be the case (to cheers from the crowd).Marathon's Thiel's sympathies clearly align with the fungibility argument, and he further notes that only about 900 bitcoin are mined each day. If institutional

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer