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 investing for institutions concerns where the coins are mined, he began.
“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,” he described, elaborating:
All these issues … 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