Disclaimer: The next op-ed represents the views of the writer, and will not essentially replicate the views of Bitcoinist. Bitcoinist is an advocate of artistic and monetary freedom alike.
No oceans. No blue sky. Solely wrecks of its formal glory. We burned the planet down and now our youngsters should combat over the remaining sources. That is the world 40 years from now. It’s a Mad Max world.
Think about the alternative. A futuristic utopia. A world powered by renewable power the place there isn’t a air pollution, no contamination. A brand new world of perpetual happiness.
Within the narrative that steers the way forward for planet earth, there isn’t a distinction. No center floor. It’s both hell or paradise. Good friend or foe. You’re both with the saviors or towards them.
That’s what they, the saviors of the world, need you to imagine. That’s the facility of this narrative, do you wish to contribute to the destruction of your private home and your youngsters’s residence?
The saviors are those who managed environmental investments. Solely they’ve the facility to assist this narrative.
There are over 200 international locations and eight billion individuals residing on the planet. Solely two of those international locations have an financial system massive sufficient to achieve $10 trillion or $20 trillion: the USA and China.
You would take an enormous portion of earth with its individuals, their goals, and experiences, and they’d barely attain the dimensions of the U.S. financial system.
Nevertheless, should you take the mixed capital of environmental, governance, and social investments (ESG) since 2020 you get $17 trillion. Sufficient cash to rank within the high 5 economies on the planet.
This offers the so-called saviors numerous ammunition to again you up in case you are on their facet or destroy you should you resist. 17 trillion {dollars} are destined to create a inexperienced utopia. Most of this cash was gathered in 2020.
Bear in mind this. $17 trillion is an enormous quantity. Sooner or later, this might be a fraction of ESG-related property. They’re expected to reach $53 trillion by 2025.
I feel the so-called saviors of the planet are able to crown Ethereum of their favor. It will inject a proportion of these $17 trillion proper into the cryptocurrency.
Just one% of that quantity can be sufficient to extend Ethereum’s market capitalization by 5x. Pushing the value above $10,000 and past.
ESG saviors are able to take Ethereum below their wing, and separate allies from enemies. Let me let you know the clues which are sketching this imaginative and prescient of the long run, and the way the cryptocurrency will profit.
For the saviors of the world, crypto is the enemy. You may have seen it on the information with increasingly more frequency. A story is taking form.
Crypto is burning the oceans, they are saying, crypto mining consumes extra power than this nation or the opposite. It doesn’t matter if that is true. All nice causes want a public enemy and a hero.
For this specific story, Ethereum will develop into the latter. The cryptocurrency is transitioning from a Proof-of-Work (PoW), utilized by Bitcoin, to a Proof-of-Stake (PoS) consensus. Consequently, it can scale back its power consumption by 99%. It should match the ESG narrative.
This has occurred prior to now. Tesla was chosen as an ESG champion and in 2020, when environmental investments accelerated, the value of the inventory adopted.
Tesla rose greater than 10x from $100 per share to $1,200 at its all-time excessive. This occurred quick, in lower than a 12 months.
Think about one thing comparable occurring to Ethereum (ETH). Buying and selling at $2,800 as we speak. A 10x enhance in a 12 months may put the value per ETH at $28,000 by 2023 or a 12 months after the so-called saviors of the world determine to provide it their blessing. In all probability when Ethereum migrates to a PoS consensus.
Tesla has no opponents. As Ethereum may haven’t any opponents within the coming years. Politicians and mainstream media are working to perform that.
These cryptocurrencies labeled as public enemies will see many doorways shut down on them. There’s laws making its approach to the political equipment with one goal: attempt to put a leash on that which refuses to be managed. On Bitcoin.
How Quick Can Cash Move Into Ethereum?
For those who assume ESG is a factor of the previous, assume once more. In 2021, PricewaterhouseCoopers (PwC) found {that a} majority of individuals within the U.S., China, Korea, and Germany, make investments or purchase merchandise from firms making an attempt to guard the surroundings.
Regardless of the $17 trillion flowing to environmental investments, this motion is in its early phases. Funding merchandise with environmental targets have been seeing more cash stream into them.
Right here is how briskly cash has been pouring into ESG funding merchandise since 2015.
Think about one thing comparable, however with Ethereum. How briskly can cash movement into it?
What was the catalyzer for that development? The COVID-19 pandemic, individuals care extra concerning the planet as we speak, there may be higher know-how. Take your decide. All that matter is that the narrative is growing stronger.
Once more, think about a portion of that going into Ethereum within the coming years, with mainstream media backing it, and politicians blocking the competitors. These are the components for large appreciation.
And positive, ESG is a label. A meme. But when the previous two years have proved one thing is that meme pushed investments are highly effective. A 17 trillion-dollar meme motion is a pressure to be reckoned with.
