Big 4 Accounting Firm Says BTC Mining Is Good For The Environment
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KPMG, one of the Big Four professional services firms, has published a report analyzing Bitcoin's impact within an ESG (environment, social, and governance) framework. The study emphasizes that Bitcoin's emissions, rather than its energy usage, are a better metric for environmental impact. It found Bitcoin's emissions to be lower than many sources, including tobacco and tourism, and only surpassed by video content in the US. The report also highlighted that Bitcoin contributes minimally to money laundering, with only 0.24% of its transactions involved, a figure significantly lower than Ether, stablecoins, and altcoins. On the governance front, Bitcoin is praised for its robustness due to its decentralized nature, preventing potential misuse or abuse. KPMG's report, which sources secondary data, aims to clarify misunderstandings about Bitcoin and highlights its various positive applications, including fundraising initiatives in Ukraine and electrification projects in rural Africa.
Why do I get the feeling that KPMG got a call from Larry Fink at BlackRock!?
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