Shark Tank investor Kevin O’Leary is reportedly planning to make big bets on sustainable Bitcoin (BTC) mining over the next 10 years.
O’Leary says that with concerns mounting over Bitcoin’s energy footprint, he sees opportunities to be capitalized on.
The TV personality tells Fortune that green Bitcoin mining will be one of his biggest investment opportunities and something he plans to look at with a decade-long time horizon.
O’Leary says that he’s anticipating increased adoption of the so-called “Norway model” where transmission lines from hydroelectric or nuclear sources power Bitcoin mining centers and potentially provide additional electricity for neighboring communities.
The Shark says that he has already invested in hydro-powered Bitcoin mining and has no plans of slowing down.
“I’m gonna spend the next 10 years doing this.”
The O’Shares Investments chairman says that regulation and the implementation of a proposal from the Securities and Exchange Commission (SEC) to require public companies to disclose their climate impact could lead to a more sustainable Bitcoin mining.
“Whether you agree with ESG [Environmental, Social, and Governance] mandates or whether you agree with what’s been proposed by the SEC, you can’t ignore it. You’ve got to deal with it. The way I’m dealing with it is with hydro and nuclear power.”
Check Price Action
<!–Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
–>
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Check Latest News Headlines
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia
The post Shark Tank Star Kevin O’Leary Reveals 10-Year Gameplan for Investing in Bitcoin Ecosystem: Report appeared first on The Daily Hodl.
- Coinsmart. Europe’s Best Bitcoin and Crypto Exchange.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. FREE ACCESS.
- CryptoHawk. Altcoin Radar. Free Trial.
- Source: https://dailyhodl.com/2022/04/11/shark-tank-star-kevin-oleary-reveals-10-year-gameplan-for-investing-in-bitcoin-ecosystem-report/
- "
- 10
- 11
- Additional
- Adoption
- advice
- advisor
- Affiliate
- affiliate marketing
- already
- Art
- Assets
- Biggest
- Bitcoin
- Bitcoin mining
- Block
- BTC
- Buying
- chairman
- City
- commission
- Communities
- Companies
- copyright
- could
- crypto
- cryptocurrencies
- cryptocurrency
- deal
- dealing
- delivered
- digital
- Digital Art
- Digital Assets
- diligence
- directly
- Display
- down
- ecosystem
- electricity
- energy
- environmental
- exchange
- featured
- First
- Footprint
- governance
- Green
- high-risk
- HODL
- horizon
- HTTPS
- image
- Impact
- implementation
- increased
- invested
- investing
- investment
- Investments
- investor
- Investors
- IT
- latest
- Latest News
- lead
- Making
- Marketing
- Mining
- more
- news
- Opinions
- opportunities
- own
- Personality
- planning
- power
- proposal
- proposed
- provide
- public
- recommend
- Regulation
- report
- require
- responsibility
- Risk
- SEC
- Securities
- Securities and Exchange Commission
- sees
- Slowing
- Social
- something
- spend
- style
- sustainable
- tells
- time
- trades
- transfers
- tv
- us
- use
- What
- whether
- without
- years
