Crypto is soaring after Trumps election but is it a good ethical investment?

“There are swathes of the economy which are largely under-taxed yet polluting the planet. Yet they have huge potential to close the climate finance gap,” the report says. While cryptocurrency offers exciting opportunities and the potential for high returns, its environmental impact, association with illegal activities and predatory nature all present significant ethical challenges.

One of the things we do differently at Twitter is we build out in the open. And so this means having dialog with customers in real time—designers will take something that is very early-stage and post it as a tweet and then get real-time feedback. They’ll hop into spaces with product managers and engineering managers, talk about it live with real customers, and then incorporate that feedback into the designs and what ultimately we end up launching. Some of these people are responsible for moving so much money around that it is probably worth listening to their thoughts, even when you don’t agree with them. Prominent examples would be Ari David Paul, founder of BlockTower Capital, or Cathie Wood, CEO and founder of Ark Invest. Cryptocurrencies allow investors to diversify their portfolios and enter a dynamic and new market.

• To no one’s surprise, the bitcoin community hit back at the Berkshire Hathaway executives comments.
• As part of our analysis, we applied an algorithm to look at the Twitter accounts followed and engaged with by every single member in our defined audience.
• SportsCenter, ESP, and WorldstarHipHop are the top media accounts they follow.
• Also, remember to do your due diligence before supporting any project.
• To make it easier, we have condensed this entire section into a handy Twitter List, which you can follow.
• 4.Gary Vaynerchuk, or Gary Vee, is one of the most popular figures in the NFT space.

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1.Michael Saylor is an active supporter of the Bitcoin community and regularly shares materials discussing new utilities and applications for Bitcoin. Saylor is an unofficial representative of Bitcoin, often advocating Satoshi Nakamoto’s vision to the masses on talk shows and podcasts. Choosing crypto accounts on Twitter can make a difference between making informed market decisions and wondering where all your money went. Indeed, as recently as November 2019 Agrawal was still self-styling himself as “crypto-naive” during a fireside chat held on Twitter’s campus with cryptocurrency entrepreneur Joseph Lubin. Just over a week later, Agrawal joined Dorsey on a trip to Nigeria, where Agrawal met with the local Bitcoin community.

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On this network, you’ll come across investors, influencers, companies, crypto analysts, and developers who are passionate about this topic. Jack Dorsey, the vociferously pro-Bitcoin company CEO, would leave a few weeks later, to be replaced by CTO Parag Agrawal. Agrawal had played an instrumental mass adoption token role in Bluesky, a Twitter-backed project to create a protocol—possibly with blockchain components—to build decentralized social networks. Crypto Twitter feels like an alternative universe where alien beings argue about virtual money all the time.

Leveraged MicroStrategy Markets Showcase Risk-On Like Never Before as Bitcoin Aims for Six-Digit Price

This project has seen particularly strong top cryptocurrencies by market cap TVL growth over the past month, and recently implemented sharding on its network in September to improve efficiency. It’s kind of like a nonstop, global conversation about crypto, where one tweet can set off a chain reaction in the market. The Out the Trenches Podcast – A Youtube podcast with weekly episodes that features a guest from the Crypto Twitter community each week in a 1-2hr+ video chat discussion.

While Rinearson works with people all across the company, her team is still under 10 people, although more hires are in the pipeline, judging from recent job postings. I caught up over a video call with Rinearson and Crawford to talk about where Twitter Crypto is headed. As with all social media, the trick to getting the most out of crypto Twitter is to find the part that adds the most to your life, avoid the parts that don’t and try not to spend all day on it.

Also, remember to do your due diligence before supporting any project. One of the biggest problems with decentralized virtual cash is that there are a lot of scams. Newcomers lack knowledge about the crypto market and often let their emotions guide their investments.

By charging more for dirty sources of energy, the levy could also push miners to use more renewable energy. The Bitcoin network is estimated to use more electricity annually than a majority of the world’s countries do individually. The idea is that a climate tax could reduce emissions by incentivizing mining firms to clean up their operations. And it could provide desperately needed funding to help less affluent nations transition to renewable energy and adapt to the effects of climate change. The global poor who don’t have bank accounts, and who could use cryptocurrency for international money transfers to family back home, do not necessarily benefit from crypto’s advantages. That’s because of the need to pay fees when converting and transferring, say, dollars to crypto and then from crypto to the local currency of the person receiving the money transfer.

An article on former New York Times columnist Bari Weiss’ Substack, titled “Twitter Is About to Get Way Worse” was retweeted by many accounts specialized in cryptocurrency musings. Stellar, Polkadot, and NEAR Protocol may be three crypto projects investors don’t pay enough attention to. I follow these tokens, but they don’t get enough love for the sort of behind-the-scenes work that can drive investor returns. Each project has unique catalysts that could propel continued momentum over time. I wouldn’t be surprised to see these three tokens atop the list of weekly movers through the end of the year, given the quality of these catalysts.

Binance founder Changpeng Zhao, better known as CZ, tweets views and updates about his own company and the wider space almost every day. Coinbase founder Brian Armstrong is also very active on Twitter, sharing frequent news and insights about crypto regulation, among other areas. Many beginner’s guide to buying and selling cryptocurrency ethical investors invest in so-called ESG funds that stress social or environmental impact. Some of these ESG funds may avoid shares in petroleum companies while investing directly or indirectly in crypto. In summary, Crypto Twitter is a dynamic and engaging platform that offers a wealth of information, community interaction, and insights into the crypto market. By following reliable and informative accounts, individuals can make the most of their crypto journey and stay connected with the latest developments in the industry.