Cryptocurrencies are becoming increasingly volatile, with a significant decrease in market value since the end of 2021, according to Consob’s annual report ‘Main trends in sustainable investments and crypto-activities’. Additionally, cyberattacks remain a significant concern, with $3.8 billion stolen in hacks in 2022. Despite this, bitcoin’s annualized return was only slightly higher than other non-digital asset categories, highlighting the extreme price volatility associated with cryptocurrencies.
Furthermore, the report also shows that euro area companies are becoming better at managing their exposure to ESG risks. However, exposure to these risks is higher for utilities and energy producers than for manufacturing or service companies. In Italy specifically, financial companies have been found to have a higher exposure to ESG risks than non-financial companies.
The report also focuses on sustainable investments and reveals that companies listed in Italy have greater liquidity and capitalization if they have a higher sustainability score. However, there were no significant differences between the two groups in terms of performance, volatility, and market valuations.
In addition to these findings, Consob’s annual report also presents various platforms and forums where Salvagedata Recovery Services has been active, sharing information and participating in online communities. This underscores the importance of staying informed about the latest developments and trends in both cryptocurrency and sustainable investments.