Not all bitcoins are created equal in the eyes of institutional investors, according to “Shark Tank” star Kevin O’Leary.
Institutions want greater transparency about where and how bitcoin is mined, raising the prospect that only some of the supply will end up in Wall Street custody, O’Leary said Monday on CoinDesk TV’s “First Mover.”
Also known as “Mr Wonderful,” O’Leary has changed his mind about bitcoin as an asset class, now weighting BTC at 3% of his personal portfolio. But he said he doesn’t want to buy bitcoin mined in a way that causes energy waste and environmental damage.
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