In 1971, the world’s major economies lost their final tether to gold, entering a fully fiat monetary standard. Under this fiat model, inflation has been structurally higher, financial crises no less ruinous, and real growth no higher than under the gold standard. Today, inflation and monetary instability interfere with the ability of billions of individuals worldwide to store their wealth. Bitcoin offers the world an alternative – a sound monetary system outside the control of governments and central banks. Our report considers the merit of Proof of Work, quantifies Bitcoin’s resource costs, and examines pathways towards mitigating the externalities associated with mining.
This website is provided for informational purposes only. None of the material on NYDIG.com is intended to be, nor does it constitute, a solicitation, recommendation or offer to buy or sell any security, financial product or instrument. You should conduct your own analysis and consult with professional advisors prior to making any investment decisions. Bitcoin investments have historically been highly volatile and are for investors with a high risk tolerance. Investors in bitcoin could lose the entire value of their investment. All statistical information is as of December 31, 2022 unless otherwise specified.
Only certain NYDIG legal entities or businesses are regulated. New York Digital Investment Group LLC is not overseen by any regulator. Please see the NYDIG disclosures or terms and conditions for the particular service or transaction for more details. NYDIG Execution LLC (NMLS ID: 1781446) is licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services. NYDIG Trust Company LLC (NMLS ID: 1985471) is chartered as a limited purpose trust company by the New York State Department of Financial Services. Full-Service Brokerage refers to bitcoin trading services provided by NYDIG Execution LLC and NYDIG Trust Company LLC; neither entity is registered as a broker-dealer with the SEC or FCM with the NFA or CFTC. NYDIG Trust Company LLC does business under registered dba names in various states as disclosed here. NYDIG, NY\DIG, and NEW YORK DIGITAL INVESTMENT GROUP are registered trademarks of NYDIG.
Loans made in California are made by NYDIG Funding LLC. Such loans are made or arranged pursuant to a California Financing Law license.