While many key players are currently focused on Bitcoin’s price performance, O’Leary is more concerned about the dangers that the Bitcoin mining industry can pose for the market.
Speaking in a recent interview, O’Leary warned that such miners were likely going to run into trouble with getting financing.
Writing is on the wall for public Bitcoin mining companies that think they can fool investors by buying carbon credits to cover up their dirty, carbon belching ways.
A piece of advice for ESG conscious investors.
His reason is that pressure was been put on investors and firms to become ESG compliant by BlackRock, one of the biggest assets managers in the world.