StocksJar » CoinDesk » Kevin O’Leary on Clean Bitcoin Mining, the Elon Musk-Twitter Conundrum

Kevin O’Leary on Clean Bitcoin Mining, the Elon Musk-Twitter Conundrum

The future of the crypto mining industry is likely nuclear and hydro, the “Shark Tank” co-host said on CoinDesk TV’s “First Mover.”

2022-04-22
CoinDesk, Cryptocurrencies

Kevin “Mr. Wonderful ”O’Leary is a serial entrepreneur, author and chairman of O’Shares, a wealth management company, and lately a massive crypto investor. The Canadian-born TV personality is one of the richest businessmen in the world, and has an estimated net worth of $400 million.

O’Leary, his back against a palm tree-lined green screen, joined CoinDesk TV’s “First Mover” on Earth Day to discuss his support of bitcoin mining amid concerns of climate change and why he thinks fellow corporate environmentalist Tesla (TSLA) CEO Elon Musk should run Twitter (TWTR).

Go green or go bust

In the past, O’Leary has criticized bitcoin mining, suggesting that companies should move to segregate “clean” BTC from dirty bitcoin mined using carbon-intensive processes.

Bitcoin miners use an estimated 2,260 kilowatt-hours to mine every bitcoin, according to database company Statista.

Read this article on CoinDesk

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