Thread by @CroissantEth

Many people believe that upcoming anti-money laundering & environmental regulations from the government will be the downfall of crypto

I am here to argue that it will lead to one of the largest “priced out” events to occur in the history of #Bitcoin

Why? Allow me to explain...

The first thing I have to discuss for this to all make sense is an acronym in finance called ESG.

Largely thanks to Joe Biden & the coronavirus, this concept of Environmental, Social, & Governance priorities is now being pushed for many investments

What does this mean?

Investment managers are now often inclined to invest in companies of a high “ESG score”

These investment managers are registered by the SEC

Publicly traded securities are favored by ESG score attributed to them by data analysts

This is already the case in an index from Canada:

The companies with a higher ESG score are seen as more attractive to investors and included in index funds or mutual funds which offers significant retail investor exposure to the asset

The reason this is important is because investing in #Bitcoin is ESG investing.

No, seriously. Investing in #Bitcoin is ESG investing.

You should know I’m not just “shilling my bags” here, there are lots of ESG backers who think $BTC is promising

Let’s take a look at this from a technical standpoint and break down each letter and how it relates to $BTC.

Environmental

I’ve written an entire thread on this subject, but the key points around the argument are:

#Bitcoin has inherent mechanisms to incentivize location independent energy sources & connect them to the grid where it had previously not been possible

In other words...

$BTC is quite literally the only profitable use of energy that does not need to be connected to a human society in the world

The way this would work is almost like #Bitcoin acting as a “buyer of last resort” for the entire energy market

Cathie Wood (ETF manager) explains this:

But she also says @Tesla will be a part of the solution 👀

Powerwalls, cars, panels, roofs, & more can offload excess energy to make renewables more profitable by mining

This is extremely attractive to both the consumer and @Tesla, who has put lots of money into $BTC

Cathie Wood & @ARKInvest are one of the largest shareholders in @Tesla, & their firm’s funds are widely popular

They actually wrote a research paper 👉🏻WITH SQUARE👈🏻 on the promises of solar bitcoin mining, with particular use cases hinting at @Tesla
wintonark.medium.com/bitcoin-mining…

Now don’t you also find it odd that @Tesla invests in #Bitcoin, @elonmusk agrees with @Jack here that $BTC promotes renewable energy, then tweets about it negatively later & makes the price fall?

It’s not like he brought this issue up with no solution for it (more on this later)

Social

$BTC promotes renewable energy & provides an economic foundation that empowers countries like we’ve never seen before

With it, we can monetize desolated areas using green energy

El Salvador is a prime example of this, already becoming the first to adopt it as currency

https://twitter.com/nayibbukele/status/1402714926800674827

This is even more significant for all of the countries with rampant inflation

Currencies are often belittled in value leaving their own citizens with almost nothing

$BTC provides a way for the unbanked to become “banked” & instantly connect to the grid no matter location

Governance

$BTC is unique in the way its governance is decentralized and anonymous.

Miners are full of a network of computers who come to consensus to verify the rules implemented on the blockchain

This is a concept extremely attractive to the ESG crowd

So, as I said before:

Investing in #Bitcoin is investing in ESG.

The significance of this can’t go understated, because it will be the argument needed for institutional adoption of $BTC

& several key players in the financial industry know this...

The main “fud” surrounding #Bitcoin at the moment are the exact arguments amongst the ESG crowd that needed to be addressed further.

That’s not a coincidence.

This is what I believe will become the institutional framework for $BTC on a national level

Straight from the SEC:

Buts it gets even more interesting 👀

After a meeting with @elonmusk, North American Bitcoin miners agreed to begin reporting energy usage of renewables

This led to the creation of the Bitcoin Mining Council, with many top mining pools included
google.com/amp/s/www.bbc.…

This is significant because under the current SEC rules for zero emission credits, they state the importance of not allowing double spending, & disclosing all details regarding the use of renewable energy for groups involved

Sounds like $BTC will be very useful for @Tesla...

@Tesla actually makes a lot revenue from selling zero emission credits to other companies, which they get by selling zero emission vehicles

13 states require these credits to allow auto manufacturers to sell in their area

#Bitcoin could embroaden this market to all renewables

Still not following?

Well, mining pools in the council have actually begun selectively mining green $BTC, which they believe they can sell to institutions at a premium

We know institutions are hungry for #Bitcoin, but it is challenging to get it right now due to ESG issues...

Will $BTC monetize the green energy market?

Will @Tesla integrate solar research for mining done by Ark?

Will @elonmusk offer institutions a certificate of renewable energy credit in the form of Green Bitcoin charged at premium?

Will this allow the SEC to put $BTC on an ETF?

I’ll let you decide the answers to these questions...

But I really think key players like Elon Musk, Cathie Wood, and Jack Dorsey have been working for months on the groundwork for a green $BTC ETF

Cathie Wood actually confirms that a $BTC ETF may happen as soon as THIS YEAR👇🏻

& lastly...

The current narrative is that the U.S. government is scared of #bitcoin, with plans to regulate it to the point it to the extent of banning.

If that were true, why would Joe Biden’s top White House advisor own upwards of $1M worth of $BTC?
google.com/amp/s/www.coin…

It is also highly unlikely a widely renown blockchain analyst was appointed to the Lead Financial Policy Transition Team if that were their plan

This nominee has testified multiple times before Congress mentioning the legitimacy of blockchain tech
google.com/amp/s/www.nasd…

There is quite obviously something deeper going on here

What I’ve described is exactly what #Bitcoin needs to land on an ETF, with exposure to accredited investors and millions in the retail markets

I don’t think it’s all a mere coincidence... Anyways, I hope you enjoyed! 🥐