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The Unpleasant Truth of Digital Currencies With Tett & Kraus

May.14 — The Chair of the Editorial Board at Financial Times, Gillian Tett, mentions that the extraction of Bitcoin using Chinese coal results in the carbon footprint equivalent to that of Sweden, making the digital currency unclean. Peter Kraus, the Chairman and CEO of Aperture Investors, expresses concern about the incorporation of technology in ESG funds and the attraction towards Bitcoin due to their environmental impact. He believes that the speculative worth of digital currencies should be ‘separated’ from their value in digital transactions. Their discussion is featured on “Bloomberg Wall Street Week.”

Credit: YouTube/Bloomberg Television

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