u.today
Famous TV personality and investor from Canada, Kevin O’Leary (also known as Mr. Wonderful) who used to pour scorn on Bitcoin on an all too regularly basis, has changed his take on Bitcoin and cryptocurrencies in general.
Two years ago, he slammed Bitcoin, calling it “garbage”, and has been doing since then until now.
Mr. Wonderful reverses on his Bitcoin take
Two days ago, the media reported that the O’Leary who co-hosts Shark Tank with the billionaire Mark Cuban, stated that he would spread three percent of his portfolio between investing in Bitcoin and Ethereum.
Now, he has tweeted that his investment would be different from that of other savvy financiers.
O’Leary looks to invest in ecofriendly Bitcoin miners
The investor has taken to Twitter to say that he intends to allocate a tiny part of his funds in Bitcoin miners that “create coin under a mandate of 0 carbon so sustainably”.
Looks like O’Leary is after those mining companies that prefer to use renewable and innovative sources of electric power or those in cold climates to produce heating for its premises while mining cryptocurrencies.
Last week Mr. Wonderful said during a CNBC show that he had become fascinated about crypto and was already getting used to the volatility that surrounds it.
It was back then, that he first mentioned his intention to invest in Bitcoin and Ethereum.
Bitcoin is “the greenest industry in the world”: Max Keiser
In an interview to U.Today, prominent Bitcoin advocate Max Keiser stated that Bitcoin is “the greenest” industry as BTC miners are always looking to reduce the carbon footprint of their operations.
Mark Cuban compares blockchain to the early days of the Internet
The other Shark Tank’s host, billionaire Mark Cuban who has several times announced that he would rather buy bananas than Bitcoin (because he can eat them) has recently also sort of softened his stance on blockchain and crypto.
Recently, he has compared the developing blockchain industry to early days of the Internet back in the nineties.
He stated that a lot of crypto and blockchain companies are likely to fail with only a few winners left in the end, similarly to how Amazon and other giants emerged from the dotcom bubble.
Last year, during the podcast with Anthony Pompliano he assumed that such winners might be Bitcoin and Ethereum as the biggest cryptocurrencies.