Very Strict Warning From Famous Business Person To Bitcoin Miners: “Scammers!”

Renowned businessman Kevin O’Leary is the head of environmental, social and corporate governance reporting (ESG). bitcoin He warned that it would shake up the mining industry.

While many important names in the cryptocurrency world are concerned with the performance of the Bitcoin price, O’Leary expressed that he is worried about the dangers that the Bitcoin mining industry will pose to the market.

In a recent interview, O’Leary said that BTC mining companies that do not derive their energy from non-carbon sources cannot pass the carbon audit.

Kevin O’Leary Points Out That ESG Is A Serious Issue For Bitcoin

Kevin O’Leary, host of the Shark Tank reality show, criticized Bitcoin mining companies that bought carbon credits to become carbon neutral.

In the US, companies can buy carbon credits created by other companies to offset their carbon emissions.

O’Leary uses this method cryptocurrency He claimed that his miners might soon find it difficult to find financing. In the US, most financiers try to stay away from companies that do not comply with environmental, social and corporate governance (ESG) rules.

Kevin O’Leary said about Bitcoin miners using carbon credits: “Miners who use carbon credits to cover up their carbon emissions think they can deceive investors. But they will never pass a carbon audit.”

According to the famous name, companies that actually use carbon credits instead of using green energy sources are causing BTC mining to gain notoriety.

As a result, governments around the world are taking a stance against BTC mining due to environmental concerns.

O’Leary argued that companies such as Marathon and Riot, which use carbon credits, are “fraud”.

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