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There was some snark thrown around in February when Elon Musk's Tesla announced its purchase of $1.5 billion of bitcoin out of their corporate treasury.
There is a temptation for certain environmental analysts to argue that Bitcoin is merely something "extra" or "unnecessary" by comparing Bitcoin to traditional financial networks and institutions.
We believe investors can continue to invest in the asset class without feeling like they are abandoning ESG principles, although some investors may find the lack of data unsatisfying.