[Blockchain Today Reporter Lee Ji-eun] Amid the intensifying environmental problems of Bitcoin, the term’Kevin O’Leary of Shark Tank and Dragon’s Den refers to bitcoins mined in China’ He expressed his position on’Blood-Stained Coin (BTC)’.
According to Cointelegraph reports, the investor has declared that from now on it will only deal with’clean coins’ mined using renewable energy, and other institutions are taking the same position.
O’Leary aimed at the liberal nature of bitcoin production by pointing out that most products in the world are manufactured according to institutional and regulatory compliance standards. In an interview with CNBC, O’Leary told CNBC, “We are complying with the demands of large institutions, and we have agreements about how assets are made, whether carbon is burned, human rights, and whether they are manufactured in China.”
All of the examples listed by O’Leary are those that apply to China, the world’s largest bitcoin mining region, where the use of electricity generated from cheap fossil fuels accounts for about 50%–65% of the total bitcoin hash rate. O’Leary says no one wants to buy bitcoins from China. Institutions are starting to look for’pure’ coins that can trace their environmental ethical roots.
“All these problems have now emerged with Bitcoin. The institution will not buy coins mined with electricity produced by burning coal in China, and will impose sanctions on coins mined in each country. And there has been a tremendous demand for pure coins with known sources.”
O’Leary says that eventually, the spirit of the times will come to know two different types of bitcoins. Bloody coins and clean coins. “This is a really interesting problem, and I think there will be two types of coins within a year or two. The bloody coins from China and the clean coins mined in a sustainable way in countries that use hydroelectric power rather than coal,” he said. It’s them.”
O’Leary said that concerned investors regularly ask about the source of bitcoin and whether its production meets modern Western standards. The investor declared that from now on, it will only trade clean coins.
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