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Bloomberg Markets and Finance published this video item, entitled “The Dirty Reality of Cryptocurrencies With Tett & Kraus” – below is their description.
May.14 — Financial Times Editorial Board Chair Gillian Tett says that the mining of Bitcoin using Chinese coal has the carbon footprint of Sweden, making the cryptocurrency dirty. Aperture Investors Chairman and CEO Peter Kraus says that the inclusion of tech in ESG funds and the interest in Bitcoin is also problematic because of their carbon footprint. He thinks that the speculative value in cryptocurrencies should be ‘unbundled’ from the value of transacting digitally. They join David Westin on “Bloomberg Wall Street Week.”Bloomberg Markets and Finance YouTube Channel
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In This Story: Bitcoin
Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software.