O'Leary wants to buy Bitcoins mined in countries that use clean energy.
#Investor Kevin O'Leary spoke about #Bitcoin on #CNBC's Capital Connection program . O'Leary stated that Bitcoin mining in China is harmful to the environment. Using coal for electricity generation, China makes the Bitcoins extracted from there dirty , according to the investor .
🧐"I will not buy a coin I do not know where and when it was mined or its origin."
"I see two types of cryptocurrencies in the future"
The investor mentioned that there will be two types of cryptocurrencies in the next year or two. According to him, the first will be dirty cryptocurrencies from China, and the second will be clean cryptocurrencies from countries that use clean energy. Kevin O'Leary, "I'm on the side of cryptocurrencies that will be mined with clean energy." said.
According to #Cambridge #Bitcoin mining 2020 data, #China ranks first in BTC mining with a rate of 65%. The #USA follows China with 7.4%.
↪️He touched on corporate companies
Besides concerns over carbon emissions and human rights issues, O'Leary said products made in China are also a concern. He stated that all these concerns are now starting to apply to Bitcoin.
According to O'Leary's statement, corporate companies will not buy Bitcoins produced in China using coal. The investor said, "Institutional companies do not want to support China due to human rights problems." said.
↪️Clean Bitcoin mining is spoken in the USA
#Miami #Mayor Francis Suarez, Bitcoin mining is done outside the US of 90%, while in places that made use of environmentally damaging energy sources had said . Stating that Miami has sufficient clean energy resources, Suarez expressed that Miami could be a center for BTC mining.