Name: Investing in Bitcoin with Kevin O'Leary - Bitcoin Magazine Podcast
Uploaded: 2021-06-22T20:00:09+00:00
Duration: 35 min 21 s
Description: In recent months, conversations about the environmental impact of bitcoin have risen to national prominence. In this Bitcoin Magazine Podcast, hosts David Zell and Matt Odell sat down with famed Shark

3 years ago

In recent months, conversations about the environmental impact of bitcoin have risen to national prominence. In this Bitcoin Magazine Podcast, hosts David Zell and Matt Odell sat down with famed Shark Tank investor, Kevin O’Leary. O’Leary had previously called bitcoins mined using fossil fuels “blood coins” and suggested that these coins and bitcoins mined with renewable energy may trade at different prices. In this interview, Mr. Wonderful walked back some of these positions, arguing that green mining will simply rise to meet growing demand.

Nonetheless, Kevin’s conversations with institutional investors have lead him to a stark conclusion—firms are increasingly bound by ESG standards, and major money is waiting on the sidelines to invest in bitcoin once these standards are met. Zell and Odell talk with Kevin about what this may look like as well as the broader landscape of institutional investment. O’Leary announced for the first time that he is looking to increase his bitcoin allocation from 3% to 5% and discussed his investments in the bitcoin ecosystem. This was a great conversation, and you won’t want to miss it.

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Timestamps:

0:00 - 0:51 Intro
0:51 - 1:49 Kevin's past criticism of bitcoin
1:49 - 3:36 Why is Kevin involved in bitcoin?
3:36 - 4:49 Is bitcoin a currency?
4:49 - 6:55 Bitcoin's liquidity advantage as a store of value
6:55 - 8:59 Can the scarcity of bitcoin be preserved?
8:59 - 11:48 Is regulation an existential threat to bitcoin?
11:48 - 15:15 Bitcoin ESG compliance
15:15 - 18:48 Is Kevin invested in bitcoin companies?
18:48 - 21:00 Earning a yield on your bitcoin
21:00 - 24:29 Bitcoin incentivizes renewable energy
24:29 - 27:05 What is Kevin's message to institutional investors?
27:05 - 29:20 Will there be two tiers of miners?
29:20 - 31:24 Will more states try to attract bitcoin businesses?
31:24 - 32:38 The Bitcoin 2021 Conference
32:38 - 33:37 Will Kevin be at the Bitcoin 2022 Conference?
33:37 - 34:14 Kevin's final thoughts
34:14 - 35:21 Closing comments