BTC’s ESG issues caught the world’s attention after Elon Musk cited them as the reason why the EV-maker he runs, Tesla, disable bitcoin payments for its products. Since then, the topic has become widely discussed with many trying to find the solution, including the formation of the Bitcoin Mining Council, in which Musk and Michael Saylor had a vital role.
Although in the past year or so, numerous institutions announced their entrance into the BTC space by enabling various bitcoin-related services or purchasing substantial quantities of the asset, O’Leary actually believes that more large organizations are preparing to come on board.
But, this could only happen once the ESG issues of bitcoin mining are resolved.
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