Shark Tank star billionaire investor Kevin O’Leary has announced that he plans to place big bets on sustainable Bitcoin (BTC) mining over the next 10 years.
O’Leary said that with concerns about the increasing energy footprint of Bitcoin, he sees opportunities to be capitalized.
The famous billionaire told Fortune that green Bitcoin mining will be one of the biggest investment opportunities and he plans to seize this opportunity with a ten-year timeframe. O’Leary expects greater adoption of the “Norwegian model,” where transmission lines from hydroelectric or nuclear sources power Bitcoin mining centers.
O’Leary also acknowledges that some communities may not want this done. But the famous billionaire adds that he has already invested in hydro-powered Bitcoin mining and has no plans to slow down.
“I will spend the next 10 years doing this.”
On top of that, the head of O’Shares Investments believes that more regulation will result in more climate-friendly power-utilizing BTC mining operations. O’Leary claims that creating a regulation from the Securities and Exchange Commission (SEC) that requires public companies to disclose their impact on the climate could lead to sustainable Bitcoin mining.
“ESG [Çevresel, Sosyal ve Yönetişim] Whether you agree with the guidelines or those recommended by the SEC, you cannot ignore it. You have to deal with it. With this my way of coping; hydro and nuclear energy”
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