Tuesday, July 5

Carbon neutral Bitcoin? A New Approach Aims To Help Investors Offset BTC’s Carbon Emissions By CoinTelegraph

© Reuters. Carbon neutral Bitcoin? A new approach aims to help investors offset BTC’s carbon emissions

Billion dollar companies around the world are betting big on (). A recent analysis by European investment manager Nickel Digital Asset Management found that 20 publicly traded companies with a market capitalization of more than $ 1 trillion have around $ 9.6 billion invested in BTC. Individual investors are also becoming increasingly interested in the asset.

Grayscale Research’s “Third Annual Bitcoin Investor Study” found that demand for Bitcoin has increased tremendously. According to the study, 55% of current Bitcoin investors started buying the asset in the last 12 months alone. The Grayscale report also notes that the market for those interested in Bitcoin investment products expanded to 59% in 2021, up from 55% in 2020 and just over a third in 2019, reflecting steady growth. .

However, while the world’s enthusiasm for Bitcoin may be increasing, concerns regarding its environmental impact have become more apparent than ever. For example, Grayscale Research also found in its Investor Study that over 30% of investors are concerned about Bitcoin’s potentially negative impact on the environment. Interestingly, this consideration only became apparent in 2021, as the report shows.

Read the full article on Cointelegraph

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