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Tom Winnifrith Bearcast - the fallacy of green Bitcoin and the bad things hidden in ESG wrappers

By Tom Winnifrith | Monday 3 January 2022

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

I start with a couple of points of economics, covering disincentives to work for low paid folk, especially if divorced dads and also the epidemic sweeping the nation, the public sector variant. I flagged this up to Bath Spa students a few years ago, it is still true.  Then, tying in to my 4th tip of the year out today, I move onto Bitcoin and also the smokescreen, being seen as ESG friendly provides but why it will unravel as the market gets nervous this year.

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