Celebrity investor Kevin O’Leary will only acquire bitcoin holdings from sustainable mined countries and not from “blood coin” mined in China, CNBC reported.
- O’Leary said he sees two kinds of coin in the next year or two — “blood coin” from China, and clean coin mined in countries that use hydroelectricity.
- The investor said he will go with the clean side, but did not elaborate on the specifics where he plans to acquire such holdings.
- Data from Statista indicates that around 65% of the world’s bitcoin was mined in China. Some countries use hydroelectric power more widely than others, and there are entities that claim to mine cryptocurrencies sustainably.
- O’Leary earlier called bitcoin “garbage,” but recently changed his mind and is now open to allocate 3% of his personal portfolio to the cryptocurrency.
- “I’m not buying coin unless I know where it was mined, when it was mined, the provenance of it… Not in China. No blood coin for me,” O’Leary said.