The “Shark Tank” star hopes that Bitcoin mining will become more sustainable in the future. He expects hydroelectricity and nuclear energy to become the main power sources for mining.
Earlier this week, O'Leary told his audience that Bitcoin mining was going to save the world. He recently told fortune that he would spend the following 10 years working in the sector. , he was highly critical of Bitcoin mining operations that were set up in China in the past. However, the country imposed a blanket ban on mining last year. Miners, however, continue to heavily rely on coal power, thwarting persistent efforts to “greenify” Bitcoin.
O'Leary has also been a big advocate for regulating cryptocurrencies since he believes that this is crucial for legitimizing the industry.
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