Sustainable Finance with Easy Crypto

One of the things that’s in the media a lot at the moment is the environmental impact of cryptocurrency. I think that’s a real misnomer, because there’s a difference between an impact being negative and an impact being transparent. One of the fantastic things about cryptocurrency is how transparent it is.

Take Bitcoin, for example. If you make a Bitcoin investment, you know without a shadow of a doubt what energy consumption was required for that investment. There’s nothing else like that. If you buy something on the stock market, if you buy gold, if you invest in Apple shares, or even if you just watch a video on YouTube, you don’t know what the energy cost of that activity is.

With Bitcoin, and blockchain more generally, it’s really transparent. That transparency gives consumers the ability to know the true impact of their behaviour, and it also gives the industry the impetus to change - moving toward more renewables, more off-peak supply, and less energy-intensive ways of operating.

So, it’s actually a good news story that unfortunately often gets spun into a bad news story because of that very transparency.