Investor and Shark Tank star Kevin O’Leary says gold mining is harmful to the environment while Bitcoin mining’s carbon footprint is falling.
In a new interview with Daniela Cambone of Stansberry Research, the entrepreneur argues that gold mining disrupts the earth’s fabric in an alarming way, leaving a giant carbon footprint in its wake.
“There is no clean gold, you know. There’s just no green gold at all. It takes a tremendous amount of carbon to extract it from the ground…
The amount of carbon that you create mining, digging, scratching, blowing stuff up, processing the gold, taking out you know the other elements of it is just brutal in terms of a carbon footprint. It couldn’t be worse.”
The Shark Tank star points out that Bitcoin mining is, on the other hand, becoming more environmentally friendly as some miners turn to renewable or less harmful sources of electricity such as natural gas.
“There’s a whole new generation