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Published: Jun 15, 2022 5 min read

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Collage of multiple cryptocurrency coins in-between leaves in the forest and two light bulbs handing from the top of the frame
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Cryptocurrency is associated with some practices that aren't good for the earth. But that's not stopping many investors who care about social and environmental issues from investing in bitcoin, ether and other digital assets.

A whopping 96% of investors holding ESG — environmental, social and governance factors — assets in their portfolios are aware of the environmental concerns around cryptocurrency, according to a new survey from digital investment advisor Betterment. But that's not stopping them from buying it: 80% of those holding ESG-themed investments also hold crypto, the survey found.

For comparison, only 22% of investors who don't hold ESG investments own crypto. The online survey was conducted in April and included 1,000 U.S. investors.

"Because we believe crypto as an asset class is here to stay, the sustainability concerns around crypto, particularly as it scales, are worth taking seriously," Boris Khentov, senior vice president of product strategy and sustainable investing at Betterment, wrote in a report that accompanied the survey.