“We believe that companies that are focusing on more renewable energy sources are going to win in the end,” as alternative energy sources such as hydro-electric, solar and natural gas will be able to provide better cost savings to miners as opposed to traditional sources of energy such as coal, the fund’s Chief Investment Officer Steven McClurg told CoinDesk. He added that “coal energy is going to cost a whole lot more in the future.”
Related posts
-
Exploring 7 Different Investment Strategies for Bitcoin: A Guide for Investors
Investing in bitcoin (BTC) does not require buying a whole coin. Investors can buy fractions of... -
Former Sodastream CEO Offers $100K in Bitcoin for the Safe Return of Israeli Hostages
In the midst of the ongoing conflict between Israel and Hamas, Israeli Prime Minister Benjamin Netanyahu... -
NFT sales surge to $93m, Ethereum network dethrones Bitcoin
Weekly non-fungible token sales volume has surged 22.5% and now stands at $93 million, per the...