Cryptocurrencies should be viewed critically from an environmental, social and governance (ESG) perspective, but the blockchain technology that underlies them could have positive applications for democracy and economic inclusion, according to a sustainable investments rating agency.
The French boutique asset manager TOBAM has launched the first ever mutual fund in Europe that tracks the value of bitcoin. The Alternative Investment Fund is domiciled in France and available only to professional investors.
Google searches for ‘buy bitcoin’ overtook searches to ‘buy gold’ for the first time in October according to precious metals trader BullionVault.
Bitcoins have attracted a tremendous amount of noise this year and are now firmly in the mainstream. But are cryptocurrencies a passing fad? Or should investors be paying attention?
Part of the Mark Allen Group.
