/cloudfront-us-east-2.images.arcpublishing.com/reuters/F4WT54LZ5VMEVFCEMHXT4NB66I.jpg?fit=758%2C9999&ssl=1 "Ark’s Wood says bitcoin ESG push makes solar more appealing")
A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken January 8, 2021. REUTERS/Dado Ruvic/File Photo
A push toward relying more on renewable energy for bitcoin mining could make the underperforming solar industry more attractive, star fund manager Cathie Wood said at a cryptocurrency conference Thursday.
The value of bitcoin, the world’s largest cryptocurrency, has dropped approximately 30% this month due in part to concerns that its negative environmental impacts will discourage companies from adopting it on their balance sheets….
