KPMG – The Bitcoin Narative is Changing

https://advisory.kpmg.us/content/dam/advisory/en/pdfs/2023/bitcoins-role-esg-imperative.pdfKPMG is considered one of the “Big Four” accounting firms, it is the 4th biggest, but still pretty big in the grand scheme of things.KPMG recently released a document, linked above and here, sharing how Bitcoin fulfills all 3 values of ESG (Environmental, Social and Governance) investing. This is a pretty big change in the narrative about bitcoin in the media compared to the erroneous FUD (fear, uncertainty, doubt) that had been being spread and is still being spread about Bitcoin’s “high” energy usage. That is disputed in this article, and elsewhere. Bitcoin has a small overall energy usage compared to many other industries. It also has a greater than 50% usage of renewable energy, which is the highest of any industry in the world. There are even bitcoin mining applications that can have negative emissions such as using methane from a landfill to power the bitcoin miner. If that methane was just released into the environment, like it is at many landfills now, that methane is 80x worse for the environment than CO2.I encourage everyone to learn about bitcoin. You can read my older posts. You can also find many bitcoin books from my reading list.As Jason Maier said in his book “A Progressive’s Case for Bitcoin” – “You don’t know any intelligent person who has studied Bitcoin for 100 hours and thinks it’s a bad idea.”I encourage you to read his book.