No ‘blood coin’ for Kevin O’Leary as investor takes stand on Bitcoin energy c...
“Blood coin,” “clean coin” and maybe even “virgin coin” will become commonplace phrases as Bitcoin's environmental concerns continue to rage. Shark Tank and Dragon’s Den personality Kevin O’Leary is taking a stand against what he terms “blood coin,” that being Bitcoin (BTC) mined in China. The investor declared that he would only deal with “clean coin” — coins mined using renewable energy — from now on, and suggested other institutions were starting to do the same.O’Leary took aim at the free-wheeling nature of Bitcoin production by pointing out that most other products in the world are....
Related News
Kevin O’Leary, aka Mr. Wonderful, says he will only buy “clean” bitcoins that are mined sustainably in countries that use clean energy. He says institutional investors are concerned about where bitcoins are mined and will not buy “blood coins” from China. Clean Bitcoins vs. ‘Blood Coins’ Shark Tank star Kevin O’Leary talked about an emerging challenge with bitcoin investing for institutional investors and clean energy in an interview with CNBC on Monday. “What’s really emerging as a bit of an issue” regarding bitcoin....
U.K.-based Argo Blockchain just did record revenues, but a new report suggests 75% of Bitcoin mining still takes place in China, where “blood coin” is made. United Kingdom-based Bitcoin (BTC) mining firm Argo Blockchain just recorded the best quarter in its history, generating record revenues for three months straight. Yet despite the burgeoning cryptocurrency mining venture emerging in the west, the vast majority of Bitcoin production still takes place in China, where cheap, coal-powered electricity fuels an untold number of mining rigs.A recent report by Nature.com revealed that as much....
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has some advice on how to get into bitcoin or other cryptocurrencies. “It’s a wonderful universe. It’s a fantastic asset. It’s a must-own if you’re an investor,” O’Leary said. He also revealed that his crypto exposure has grown to about 10%.
Kevin O’Leary Has Some Advice for New Crypto Investors
Shark Tank star Kevin O’Leary, chairman of O’Shares ETFs, gave some advice for new investors wanting to get into bitcoin or the crypto space for the first time....
We’re all familiar with the concept of organic vs. non-organic food, but Shark Tank’s Kevin O’Leary sees a similar distinction being applied to Bitcoin. He predicts the divergence of Bitcoin into two classes, the clean “virgin” coin mined using renewable energy in “whitelisted” countries, and, in reference to the diamond trade, what he calls “blood […]
Kevin O’Leary, aka Mr. Wonderful, has shared what he thinks the price of bitcoin will be in the coming years. He said when institutions get the go-ahead from their compliance departments to invest in bitcoin, the price of the cryptocurrency “is going to appreciate dramatically.”
Kevin O’Leary’s Bitcoin Prediction
Shark Tank star Kevin O’Leary shared his prediction of the price of bitcoin in an interview with Stansberry Research last week.
He explained that many institutions are not allowed to invest in bitcoin, stating:....