Founder, Shrimpy

Michael McCarty

Founder

Shrimpy

Shrimpy develops the most advanced APIs for crypto exchange management, trade execution, and real-time data collection.

Develops the Most Advanced APIs

Crypto

Welcome to the 14th edition of Shrimpy’s weekly newsletter, a place for staying up to date on the latest trends, news, and events in the cryptocurrency industry. Digital assets evolve and move faster compared to any other market. For those who do not have time to constantly scroll Crypto Twitter, we wrote a special weekly update covering everything major that happened this week.

Welcome to the 14th edition of Shrimpy’s weekly newsletter, a place for staying up to date on the latest trends, news, and events in the cryptocurrency industry. Digital assets evolve and move faster compared to any other market. For those who do not have time to constantly scroll Crypto Twitter, we wrote a special weekly update covering everything major that happened this week.

2021 Is Back on Track for Being the Year of CBDCs

Alpha-Centric ESG Research

Kyle Rudden

This is a follow-up to <a href="https://www.smartkarma.com/insights/esg-and-bitcoin-the-truth-lies-somewhere-between-benign-and-boiling-off-oceans" target="_blank" data-smartkarma-citation="insights:52134" rel="noopener">ESG and Bitcoin: The Truth Lies Somewhere Between Benign and Boiling Off Oceans</a>, in which I discussed the ongoing cryptocurrency/ESG debate, and explained the reasoning behind my slightly positive long-term opinion of the issue (near-term negative, however).Essentially, it boiled down to the balance of Environmental, Social, and Governance issues. Proof-of-Work cryptocurrencies (especially Bitcoin) are an Environmental nightmare. However, there is reason for optimism (e.g., Ethereum 2.0), and some long-term Social issues are major positives.Nevertheless, the raging firestorm over cryptocurrency's Environmental footprint will be foremost on the minds of many ESG-minded investors. They will want avoid crypto at all costs. That is easy regarding direct exposure – just don't buy Bitcoin, Coinbase, or any other crypto pure-plays.Indirect cryptocurrency exposure is a different story altogether. As cryptocurrencies become more mainstream, the potential for indirect exposure increases – in probability, degree, and number of possible vectors. Some are hard to miss (e.g., Tesla), but others are much harder to identify.Ergo, this Insight. It covers the first of several emerging areas of potential indirect crypto exposure, specifically the growing cadre of listed companies putting crypto on the books; holding Bitcoins in treasuries for a variety of reasons, but primarily as a supposed super-hedge against inflation.It is written for the never-Bitcoin environmentalist investor, but with a little imagination any pro-Bitcoin investor can just flip its messages upside down. After all, whether indirect cryptocurrency exposure is an ESG risk or an ESG opportunity is entirely up to you to decide, for yourself.

This is a follow-up to ESG and Bitcoin: The Truth Lies Somewhere Between Benign and Boiling Off Oceans, in which I discussed the ongoing cryptocurrency/ESG debate, and explained the reasoning behind my slightly positive long-term opinion of the issue (near-term negative, however).Essentially, it boiled down to the balance of Environmental, Social, and Governance issues. Proof-of-Work cryptocurrencies (especially Bitcoin) are an Environmental nightmare. However, there is reason for optimism (e.g., Ethereum 2.0), and some long-term Social issues are major positives.Nevertheless, the raging firestorm over cryptocurrency's Environmental footprint will be foremost on the minds of many ESG-minded investors. They will want avoid crypto at all costs. That is easy regarding direct exposure – just don't buy Bitcoin, Coinbase, or any other crypto pure-plays.Indirect cryptocurrency exposure is a different story altogether. As cryptocurrencies become more mainstream, the potential for indirect exposure increases – in probability, degree, and number of possible vectors. Some are hard to miss (e.g., Tesla), but others are much harder to identify.Ergo, this Insight. It covers the first of several emerging areas of potential indirect crypto exposure, specifically the growing cadre of listed companies putting crypto on the books; holding Bitcoins in treasuries for a variety of reasons, but primarily as a supposed super-hedge against inflation.It is written for the never-Bitcoin environmentalist investor, but with a little imagination any pro-Bitcoin investor can just flip its messages upside down. After all, whether indirect cryptocurrency exposure is an ESG risk or an ESG opportunity is entirely up to you to decide, for yourself.

Bitcoin on Balance Sheets: Indirect Crypto Exposure Considerations for Crypto-Leery ESG Investors

This Insight is about a trainwreck, the head-on collision of two megatrends in investing: ESG, and cryptocurrencies. "Trainwreck," because the raging cryptocurrency/ESG debate has spiraled out of control and made absolute lunatics out of everyone, environmentalists and crypto-zealots alike.Cryptocurrency's environmental impact is not a recent epiphany. Back in 2009, Hal Finney (creator of Bitcoin's proof-of-work system, and even rumored to be the elusive Satoshi Nakamoto) tweeted, "Thinking about how to reduce CO2 emissions from widespread Bitcoin implementation."Prescient, but it didn't elicit a reaction because in 2009 few investors had even heard of Bitcoin and ESG. In 2021, however, Elon Musk's words are able to spark a firestorm because Bitcoin and ESG are now deeply ingrained in the collective investor psyche, and the zeitgeist.And Elon Musk's words sure did spark a firestorm.With this report, I hope to provide what is entirely absent in that firestorm – i.e., a comprehensive, rational, and balanced view of the multifaceted cryptocurrency/ESG relationships. Environmental, Social, and Governance. Including some issues that no one is talking about, but should be.

This Insight is about a trainwreck, the head-on collision of two megatrends in investing: ESG, and cryptocurrencies. "Trainwreck," because the raging cryptocurrency/ESG debate has spiraled out of control and made absolute lunatics out of everyone, environmentalists and crypto-zealots alike.Cryptocurrency's environmental impact is not a recent epiphany. Back in 2009, Hal Finney (creator of Bitcoin's proof-of-work system, and even rumored to be the elusive Satoshi Nakamoto) tweeted, "Thinking about how to reduce CO2 emissions from widespread Bitcoin implementation."Prescient, but it didn't elicit a reaction because in 2009 few investors had even heard of Bitcoin and ESG. In 2021, however, Elon Musk's words are able to spark a firestorm because Bitcoin and ESG are now deeply ingrained in the collective investor psyche, and the zeitgeist.And Elon Musk's words sure did spark a firestorm.With this report, I hope to provide what is entirely absent in that firestorm – i.e., a comprehensive, rational, and balanced view of the multifaceted cryptocurrency/ESG relationships. Environmental, Social, and Governance. Including some issues that no one is talking about, but should be.

ESG and Bitcoin: The Truth Lies Somewhere Between Benign and Boiling Off Oceans

Founder & Chief Market Strategist - SAV Markets, SAV Markets

Shyam Devani

Founder & Chief Market Strategist - SAV Markets

The fall on Bitcoin through the 41,000-42,000 area requires a refreshed chart to see where we might go next, probably in the short run.This chart suggest a further decline to the tune of 25% from current levels.

The fall on Bitcoin through the 41,000-42,000 area requires a refreshed chart to see where we might go next, probably in the short run.This chart suggest a further decline to the tune of 25% from current levels.

Founder & CEO Bond Angle, LLC, Bond Angle, LLC

Vicki Bryan

Founder & CEO Bond Angle, LLC

Bond Angle, LLC

Insightful commentary and analysis on bond markets and market movers, including financial, economic, and industry catalysts and management shenanigans. 

High yield market investment research

Credit

<a href="https://www.smartkarma.com/entities/tesla-motors-inc" target="_blank" data-smartkarma-citation="entities:20279:1" rel="noopener">Tesla Motors (TSLA US)</a> CEO Elon Musk has been sparring for days with <a href="https://www.smartkarma.com/entities/bitcoin-usd" target="_blank" data-smartkarma-citation="entities:25895:1" rel="noopener">Bitcoin (XBTUSD CURNCY)</a> fans on Twitter after his shocking and very expensive negative turn last week sent Bitcoin currency and Tesla stock into tailspins.That’s when Musk announced, <a href="https://twitter.com/elonmusk/status/1392602041025843203" target="_blank" rel="noopener">via Tweet</a> of course, that he suddenly was concerned about severe damage to the environment caused by bitcoin mining (see my client note <a href="https://bondangle.substack.com/p/what-elon-learned-while-i-was-working" target="_blank" rel="noopener">What Elon Learned While I Was Working</a>).It’s near impossible to believe Musk, self-proclaimed <a href="https://twitter.com/elonmusk/status/1387290679794089986?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">DogeFather</a>, was not already well aware that cryptocurrencies have a bad reputation as <a href="https://www.bloomberg.com/opinion/articles/2021-01-26/is-bitcoin-mining-worth-the-environmental-cost?sref=Q1XEaVVD" target="_blank" rel="noopener">acute consumers of energy, largely produced by the dirtiest fuels</a>.So who is he really fighting?

Tesla Motors (TSLA US) CEO Elon Musk has been sparring for days with Bitcoin (XBTUSD CURNCY) fans on Twitter after his shocking and very expensive negative turn last week sent Bitcoin currency and Tesla stock into tailspins.That’s when Musk announced, via Tweet of course, that he suddenly was concerned about severe damage to the environment caused by bitcoin mining (see my client note What Elon Learned While I Was Working).It’s near impossible to believe Musk, self-proclaimed DogeFather, was not already well aware that cryptocurrencies have a bad reputation as acute consumers of energy, largely produced by the dirtiest fuels.So who is he really fighting?

United States

Virtual currencies are decentralized, math-based digital assets in which transactions can be performed cryptographically without the need for a central issuing authority. The first specification and proof of concept of Bitcoin, the first widely used virtual currency, was published in 2009 based on a paper published pseudonymously by Satoshi Nakamoto.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Bitcoin (XBTUSD CURNCY)

2021 Is Back on Track for Being the Year of CBDCs

Welcome to the 14th edition of Shrimpy’s weekly newsletter, a place for staying up to date on the latest trends, news, and events in the...

Michael McCarty

Bitcoin on Balance Sheets: Indirect Crypto Exposure Considerations for Crypto-Leery ESG Investors

Companies are increasingly embracing cryptocurrencies as a corporate treasury management strategy. This looks at some representative companies with...

Kyle Rudden

ESG and Bitcoin: The Truth Lies Somewhere Between Benign and Boiling Off Oceans

Elon sparked a firestorm over Bitcoin's climate impacts. Problem is, it's all "greenwashing" by crypto-zealots or "brownwashing" by...

Kyle Rudden

Bitcoin - Ready for 0% YTD?

The break lower on Bitcoin over the past 24 hours warrants a refreshed chart which gives us important downside targets. Are we about to reverse all...

Shyam Devani

Tesla: Who Is The Enemy Now?

CEO Elon Musk spent the weekend battling Bitcoin fans on Twitter after his shocking and very expensive about-face on the cryptocurrency he made...

Vicki Bryan

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)