Crypto investors face the twin realities of regulators and climate change

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Crypto investors face the twin realities of regulators and climate change

Our focus today is on cryptocurrencies and our guest is bob Jenkins, global head of lipper research at refinitive. Well, if you’re, an investor in cryptocurrency, your nerves might be a little frayed at this point in the year as more major financial firms and companies, including the likes of tesla, embraced, the emerging asset prices soared with bitcoin, rising to $65,000 In April, yet in typically capricious fashion, it’s since slumped by half last week.

It very briefly wiped out all its gains for the year, according to analysis by JP Morgan. Many large investors left the market after the first quarter, and some shifted that money to gold.

But these wild price swings have been a defining characteristic of bitcoin throughout its 13-year life, and so this year is no different. But while many have embraced, bitcoin, as here to stay, cryptocurrencies now face two new and significant headwinds.

The first is a regulatory crackdown from countries, including China and the UK, and the second is the growing concern about the amount of energy cryptocurrencies consume and whether they’re contributing to climate change.