To The Moon?
Boardroom Governance Newsletter #12 | May 2021
The rise of crypto markets has been remarkable this year. Cryptocurrencies surpassed $2.5 trillion in market cap this month, and not a day passes by without some event impacting the price and volatility of these markets. This is not entirely surprising considering the involvement of characters such as Elon “TechnoKing” Musk and Zach “Master of Coin” Kirkhorn (Tesla’s CFO). Elon is busy either hyping or trolling Bitcoin and Doge, particularly after his SNL appearance and tweet from May 12 suspending the purchase of Teslas with Bitcoin due to environmental concerns. Is this a case of ESG vs Crypto? Whatever the case, there will be a lot of scrutiny over the evolution of crypto in the coming months, and beyond.
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