ESG, Tesla and Energy FUD with Lyn Alden - WBD355
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 31 May 2021
⏱️ 66 minutes
🧾️ Download transcript
Summary
Location: Los Angeles Date: Friday 28th May Project: lynalden.com Role: Macroeconomist
Over the last few weeks, the ESG narrative regarding Bitcoin has been growing, and we have seen a constant stream of misinformed FUD surrounding the energy sources and usage of Bitcoin miners.
The primary catalyst for this narrative, and the recent drop in price, was when Elon Musk tweeted that Tesla had "suspended vehicle purchases using Bitcoin" due to their concerns "about the rapidly increasing use of fossil fuels for Bitcoin mining and transactions". While the validity of this claim was quickly debunked, the narrative is spreading.
With growing pressure to reduce energy consumption and comply with the ESG movement, what impact will this have on the Bitcoin market?
In this interview, I talk to Lyn Alden, a macroeconomist and investment strategist. We discuss new sources of demand for bitcoin, ESG, Tesla, and misconceptions about fossil fuels and "green" energy.
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | I'm wary of green washing things that basically consist of virtue signaling about being green. |
| 0:10.0 | We're more interested in looking like we're solving the problem rather than actually |
| 0:13.8 | solving the problem. |
| 0:14.8 | Hello there from Indianapolis, how are you all doing? So today I went to the Indy 500 to |
| 0:20.9 | watch the Bitcoin car and after leading for a large part of the race |
| 0:24.9 | sadly events went against the team but still Ed Carpenter managed to finish |
| 0:29.7 | fifth and the Bitcoin car driven by Rhenes finished 8th. |
| 0:34.0 | I just want to give a massive thanks to Ed Carpenter for the invite to come and watch the |
| 0:37.6 | race. |
| 0:38.6 | It was really was an incredible experience. |
| 0:39.6 | I feel really privileged to have gone. |
| 0:41.6 | But also a big shout out to my boy Jack |
| 0:43.4 | Malers for everything he has done to promote the car and raise funds for |
| 0:47.4 | open source development. Anyway welcome to the What Bitcoin did podcast |
| 0:51.6 | which is brought to you by Gemini, the only place I am using |
| 0:54.4 | for buying Bitcoin. |
| 0:55.4 | I'm your host Peter McCormack and today I have another interview with the Amazing Lynn Alden where |
| 1:00.8 | we're going to be discussing the ESG narrative and Tesla. But before that I do have a |
| 1:06.1 | message from my amazing show sponsors. And we will kick off today with Gemini, my new exchange |
| 1:10.9 | sponsor who I am now using exclusively for buying and selling |
| 1:14.5 | Bitcoin but I haven't sold any Bitcoin through Gemini yet because we're still in a |
| 1:19.6 | ball market and I never like selling my Sats. Now I've been using the Gemini app for buying the Dips, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Peter McCormack, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Peter McCormack and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.