Kevin O’Leary Has A 10-Year Investment Plan For Sustainable BTC Mining

Shark Tank star and businessman Kevin O’Leary has a long term plan invest on sustainable Bitcoin (BTC) mining.

According to O’Leary, concerns about Bitcoin’s energy footprint have opened up huge opportunities for investors. He said that green Bitcoin mining will be one of his biggest investment opportunities and something he plans to look at with a 10-year time frame.

The investor believes that there will be an 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.

O’Leary himself has already invested in hydro-powered BTC mining and has no plans of slowing down.

“I’m gonna spend the next 10 years doing this.”

The Shark Tank investor believes firmly 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 push the industry to a more sustainable Bitcoin mining. 

“Whether you agree with ESG 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.”