Are all of Bitcoin's potential issues surrounding Environmental, Social, and Governmental factors in the eyes of ESG legitimate or just FUD?
They are not "issues" they are how the world works. Each time you start your car you are polluting the environment even if it is an electric car but still there are 1.446 billion vehicles on Earth in 2021 polluting our world every second of every day.
Kevin O'leary stated on the What Bitcoin Did podcast that the May crash from our ATH was not due to China's infamous ban. He suggests it was ESG concerns over Bitcoin's environmental concerns.
Nobody even follows these things for their statements to have any effect on bitcoin price.
Let me ask you this, how do they explain the rise, did their "concerns" magically go away that "let" that price to rise?
It looks like every idiot is trying to take credit for their market speculation one way or the other. These idiots are saying their statement caused the drop, Musk is saying his trolling tweets caused it, FUDsters are saying China ban did it, Hash-nuts are saying hashrate drop caused the price drop, Stock bagholders are saying bitcoin follows stock market, and
all sorts of crazy crap.
The reality was that the drop was simply panic sell and market manipulation after reaching a new ATH.
He explains that Tesla dropping Bitcoin payments was not because governments threatened to pull carbon credits, like many thought. In reality, it was ESG issues brought to him by ESG rating companies.
That is total B.S. People do spend their bitcoin but nobody is willing to spend large amounts of what they've accumulated through blood, sweat and tears. They had to pay $39,990 – $129,990 (1.3 to 4.3
BTC at the time) for a Tesla!
In other words adding bitcoin
payment option was a stupid move in first place because it had no demand
in their business so they had to remove that option.