Currency Economy

‘Existential threat’ to Bitcoin-investing companies from carbon fallout

Cryptocurrency (Mar 09, 2021 10:40PM ET) ‘Existential threat’ to Bitcoin-investing companies from carbon fallout

Existential threat’ to Bitcoin-investing companies from carbon fallout

Allocating capital to Bitcoin risks a backlash from environmentally conscious investors, according to author and co-anchor of CNBC’s Squawk Box, Andrew Ross Sorkin.

In a piece for the International New York Times, syndicated worldwide, Sorkin pointed to statements by Lawrence Fink, CEO of Black Rock — the largest asset managers in the world — indicating his company would make all future investment decisions based on “how they plan to meet the climate challenge.”

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