The Bitcoin Green Revolution - Is Cathie Wood Right About Bitcoin?

We look at the latest research from the good folks ARK Invest and payment company Square titled “Bitcoin is Key to an Abundant, Clean Energy Future”.  Are Cathie Wood and Jack Dorsey right about the bitcoin green revolution?The white paper Square and ARK Invest ($ARKK) published this week aims to justify bitcoin’s energy use and explain how it could be the key to a future of clean energy. Square, a fintech founded by Twitter CEO Jack Dorsey, has invested $220 m in bitcoin, and profits from bitcoin trading. Elon Musk has drawn criticism for putting $1.5 bil of Tesla's cash in Bitcoin and for tweeting about dogecoin. ARK Invest, meanwhile, has been predicting since 2019 that blockchain’s economic impact could be as significant as that of electricity and offers cryptocurrency investing as one of its alternative strategies. So let’s allow these guys to explain for us: why is bitcoin key to a clean energy future?https://assets.ctfassets.net/2d5q1td6cyxq/5mRjc9X5LTXFFihIlTt7QK/e7bcba47217b60423a01a357e036105e/BCEI_White_Paper.pdfPatrick's Books:Statistics For The Trading Floor:  https://amzn.to/3eerLA0Derivatives For The Trading Floor:  https://amzn.to/3cjsyPFCorporate Finance:  https://amzn.to/3fn3rvC Patreon Page: https://www.patreon.com/PatrickBoyleOnFinanceVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoylePatrick on YouTube: https://www.youtube.com/c/PatrickBoyleOnFinance/videos Support the show

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This podcast is all about quantitative finance and financial history. Subscribe to hear about financial markets, derivatives, and how investors use quantitative tools from statistics and corporate finance theory. Included are interviews with some of the most interesting thinkers in finance. Occasional longer form financial documentaries, open up fascinating elements of financial markets history. Patrick Boyle is a quantitative hedge fund manager, a university professor, and a former investment banker. To contact Patrick visit http://onfinance.org Find Patrick on YouTube at: https://www.youtube.com/c/PatrickBoyleOnFinance DISCLAIMER:This podcast is not affiliated with any financial institution. The information provided is for entertainment purposes only and does not constitute financial advice. Those seeking investment advice should seek out a registered professional in their home jurisdiction and confirm their credentials on your national regulator's website. Patrick Boyle is not responsible for any investment actions taken by viewers and his content should not be used as a basis for investment or other financial decisions.