Shark Tank investor Kevin O’Leary says that Bitcoin (BTC) mining is good for the Earth despite conventional wisdom that it damages the environment.
Speaking at the Bitcoin 2022 conference in Miami, the business magnate says that future generations of BTC miners will save the world because they’ll use eco-friendly energy sources to mine the top crypto asset by market cap.
“Bitcoin mining is going to save the world… Why is Bitcoin mining good for the Earth? Because the next generation of Bitcoin miners, and some of there are represented right here, are starting to work with energy that does not require carbon.
Hydroelectricity and nuclear power, wind and solar – the drive to produce Bitcoin is so economic in value that they will go ahead and fund the next generation of machines and turbines…
This is the future of Bitcoin mining. We will be developing power for all communities while we mine coins in an ethical and 100% green mandate.”
O’Leary also notes that many parts of the United States and the world are rife with unused excess hydroelectricity, which could be used to mine the leading digital asset.
“This speaks to Montana. It speaks to the Tennessee Valley, upstate New York, Quebec, Canada, northern Norway, all of these places, Georgia, have an abundance of unused hydro, and that is the future of Bitcoin mining, and it’s a good thing. It provides for communities. It provides extra power.”
Bitcoin is exchanging hands for $42,399 at time of writing, down 2.80% in the last 24 hours.
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Featured Image: Shutterstock/sdecoret/Konstantin Faraktinov