🌱 How green is your bitcoin?

WeWork's true underdog story | Investors need a cash fix | Hey {NAME}, you’re on the free edition of Finimize. [Upgrade to Premium](: no ads, a third story every day, free events, and loads more on our mobile app. [Start for free here]( SPONSORED BY Hi {NAME}, here's what you need to know for March 29th in 3:07 minutes. 🌩 Bitcoin might’ve been the first cryptocurrency to take the world by storm, but it won’t be the last: join Coinlist’s Mike Zaiko for [How to Spot the Next Bitcoin]( on April 7th, and you’ll find out… well, how to spot the next bitcoin, we guess. [Get your ticket]( Today's big stories - WeWork agreed to go public via a SPAC, nearly two years after its failed initial public offering - If you're looking for an eco-friendly investment, bitcoin might not be for you – [Read Now]( - Fresh data last week showed investors have been piling into cash at their fastest pace since April last year Movie We-quel [Movie We-quel] What’s Going On Here? WeWork [agreed]( on Friday to list on the stock market via a special-purpose acquisition company (SPAC) two years after its first attempt flopped – and this time, it’s personal ([tweet this](). What Does This Mean? WeWork’s had a tumultuous few years to say the least: the office-sharing startup was valued at [$47 billion]( back in 2019 and had bold plans for a much-anticipated [initial public offering]( – only for those plans to [implode]( when investors became nervous about the company’s founder and business model. And things didn’t exactly get any better last year, when stay-at-home orders sent [demand]( for the company’s office space plummeting, forcing it to close locations and cut jobs. Now, though, everything’s come full circle: WeWork has agreed to [merge]( with a SPAC – a listed company with no business operations that can combine with an unlisted company – to fast-track its arrival onto the stock market. Why Should I Care? For markets: WeWork still talks a big game. This SPAC deal would value WeWork at $9 billion – more than five times less than at the company’s peak, sure, but $1 billion more than it was worth when it was [bailed]( out back in 2019. That uptick might be because it [reportedly]( “only” lost $3.2 billion last year, compared to $3.5 billion in 2019. The company has high hopes for the future too, confident that its offices will be at least 90% full by the end of 2022. The bigger picture: Regulators never sleep. SPACs have [raised]( record amounts of cash from investors this year – but with popularity comes scrutiny, and US regulators are starting to sniff around. They’re reportedly [worried]( that those in charge of SPACs don’t do enough research before they buy target companies – not to mention that there’s a risk of insider trading in the period between the SPAC’s stock market debut and the announcement of a merger target. You might also like: [How WeWork went oh-so-wrong.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Movie We-quel&utm_campaign=daily-global-29-03-2021&utm_source=email) 2. Analyst Take How To Turn Bitcoin Green What’s Going On Here? When Tesla announced last month it’d be betting $1.5 billion on bitcoin, the move reignited the debate around [the cryptocurrency’s environmental impact](. Bitcoin mining, after all, consumes [a lot of energy](: some estimate it uses more than the whole of Sweden does. But if you’re torn between your love for the OG crypto and your desire to think green, the good news is that there might be ways to [make bitcoin mining more eco-friendly](. The energy it uses could, for example, come from [more renewable sources](, if not from byproducts of oil and gas production that would otherwise be burned. That’s all in today’s Insight: how environmentally friendly bitcoin really is, and how you can [square the investment with your own green credentials](. [Read or listen to the Insight here]( SPONSORED BY EXODUS Take control of your money [Investing in crypto]( can be pretty complex, especially when you’re new to it. But [Exodus]( is designed to feel as premium as it does simple to use, which is probably why Investopedia named it the [best wallet for beginners](. And Exodus didn’t sacrifice any features for that simplicity: it [supports over 130 cryptocurrencies]( seamlessly across desktop and mobile via their intuitive app. You can even [exchange one crypto directly for another](, earn interest on some of the most popular tokens, and [integrate a hardware wallet]( with the app. See for yourself: [download the Exodus app](. [Get The App]( [Turn off adverts]( Withdrawal Symptoms [Withdrawal Symptoms] What’s Going On Here? Data out late last week [showed]( that investors – jonesing for a fix of safe investments – have been buying into cash at their fastest pace since April last year.  What Does This Mean? Investors have been feeling skittish recently, what with coronavirus cases and fresh lockdowns on the rise in Europe again. And if that wasn’t enough to deal with, they’ve been casting a wary eye toward potential rises in [inflation]( too, which risk leading to stock-damaging interest rate hikes. So in an effort to put their minds at rest, investors have started moving their money into safer investments. For starters, they parked $46 billion in [cash funds]( last week alone. And just to be extra careful, they’ve been investing heavily in the types of US [government bonds]( whose prices move in line with inflation, which should protect them even as their buying power drops off. Why Should I Care? For markets: Tech stocks are out, energy and banks are in. Those inflation fears might also be why investors pulled money out of tech-focused funds last week for the first time since September. Higher inflation, after all, often comes with an uptick in economic growth, which should benefit stocks that are economically sensitive – like those of banks and energy companies – more than those that aren’t, like tech. That’s reflected in share price moves this year too: US energy and banks stocks have outperformed tech stocks by 33% and 16% respectively. The bigger picture: Investing in fads might just be a fad. Investors also seem to have taken a fancy to thematic [exchange-traded funds]( – that is, ETFs focused on major trends like renewable energy and gender equality. Investors [put]( $43 billion into those funds in January and February – more than three times as much as the same period last year. But tread carefully: one study has [found]( thematic ETFs underperform the stock market by an average of 4% a year for at least five years after they launch. You might also like: [How much cash should you have in your portfolio?]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Withdrawal Symptoms&utm_campaign=daily-global-29-03-2021&utm_source=email) 💬 Quote of the day “Never eat more than you can lift.” – Miss Piggy (a Muppet) [Tweet this]( Sponsored Presentations done right Name the last time you looked forward to [putting together a presentation](. Yep, that’s what we thought. But with [Pitch](, making presentations isn’t just effortless, it’s actually pretty fun. 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