Famed investor and business tycoon Kevin O’Leary says he’s buying Bitcoin, but only under some strict conditions.
In an interview with CNBC, the Shark Tank star says as the crypto space grows, institutional investors will opt for coins that are mined within a certain set of ethical standards, the same way they look at other assets or commodities.
“We have compliance on large institutions. We have covenants around how assets are made, whether carbon is burned, whether human rights are involved, whether it’s made in China, all these issues that have now come to the fore on Bitcoin. Institutions will not buy coin mined in China, coin mined using coal to burn for electricity, coin mined in countries with sanctions on them.”
O’Leary says he’s starting to see two types of crypto coming into view.
“I see over the next year or two, two kinds of coins: blood coin from China, [and] clean coin mined sustainably in countries