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For Professional Clients and, in Switzerland, for Qualified Investors only. In Israel for Sophisticated Investors only.
English
  • English
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  • German
  • Spanish
en
  • en
  • fr
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IDEAS AND KNOWLEDGE TO INSPIRE YOUR INVESTMENTS THINKING
17 June 2021

Bitcoin versus the environment

Despite some recent market volatility, the rise of Bitcoin has been meteoric, becoming a focal point for financial markets, governments, global regulatory bodies, institutional and retail investors, and the media.

 

Along with the cryptocurrency’s increased visibility and significant rise in value comes heightened scrutiny surrounding its Environment, Social, and Governance (ESG) impact. While there are many opinions on this hotly debated topic, we believe Bitcoin’s overall ESG impact on the evolving digital society can be viewed favourably.

 

While it is still relatively early to draw a complete conclusion, it does appear there are some favourable characteristics of Bitcoin’s environmental presence relative to other stores of value that exist across the globe.

 

One example of this is the increased adoption of renewables and a wider push for increased supply of green energy sources within the sector.

 

This does not imply investors will be entirely satisfied with the overall environmental risk factors present in the Bitcoin market but there are economic and social pressures we believe will encourage improving relative results in this area over time.

 

Director and senior research analysts Erik Swords, Justin Sumner, Jonathan Piskorowski, Albert Chu and director research analyst Niall Brennan, Mellon.

 

Doc ID: 592301

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Investment Managers are appointed by BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA), BNY Mellon Fund Managers Limited (BNYMFM), BNY Mellon Fund Management (Luxembourg) S.A. (BNY MFML) or affiliated fund operating companies to undertake portfolio management activities in relation to contracts for products and services entered into by clients with BNYMIM EMEA, BNY MFML or the BNY Mellon funds.

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