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Kevin O鈥橪eary ATTACKS Bitcoin & Crypto Mining in the USA (HE SOLD) - YouTube
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yes welcome back everybody to altcoin
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daily my name's austin kevin o'leary aka
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mr wonderful has just declared full-on
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war against bitcoin and cryptocurrency
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miners in the u.s he has sold his shares
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in riot he has sold his shares in
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marathon digital both publicly traded
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crypto mining companies and why did he
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do this
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writing is on the wall for public
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bitcoin mining companies that think they
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can fool investors by buying carbon
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credits to cover up their dirty carbon
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belching ways
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time to declare war on dirty miners i'm
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calling bs on carbon credits it's a scam
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let me just play the clip share with you
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this clip of kevin o'leary explaining
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himself you'll hear him talk about esg
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which stands for environmental social
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and governance investors are
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increasingly applying these
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non-financial factors as part of their
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analysis process he will also mention a
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recent letter from larry fink who is the
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ceo of blackrock the largest asset
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manager in the world listen to this clip
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and then i want to share with you my
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thoughts watch this i'm very interested
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in what's going on there crypto is here
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to stay no question about it and i would
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say one other thing that should be on
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the mind of investors that are dabbling
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in crypto and bitcoin mining et cetera
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something i learned over the last couple
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of weeks uh in talking again with
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institutions this esg mandate let's talk
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about that for a second this this letter
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from larry fink this declaration on
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sustainability that he put out a few
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weeks ago and sent around the world
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larry fink and blackrock are the largest
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money managers on earth they manage more
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money than anybody else including every
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sovereign's money practically every
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country is managed by blackrock all of a
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sudden he comes out with this letter i
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don't know if you guys read it but
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basically what it says is if you don't
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have a sustainability mandate if you
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don't have an esd discipline we don't
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want to manage your money
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now that's one hell of a statement and
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it matters because now when i talk to
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institutions they're saying tell me
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about the sustainability of a wonderful
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for example does it have a carbon
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mandate before we buy it we want to know
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what about your bitcoin miners so after
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i saw that what i did is i sold marathon
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i sold riot i'll tell you why i'm scared
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about it those companies use carbon
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credits that's how they say they're
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green well that's bs because if you
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audit them you actually go in there and
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audit them you're going to find out the
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tracking error on carbon credits is
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crazy there's no way to know with
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certainty that they're mining bitcoin
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without using you know without at carbon
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neutral rates they're just not and i i'm
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very worried about that so i want to get
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right ahead of the curve i've sold those
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positions and now i'm investing
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privately in minors that are doing it
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off hydro wind or solar so i don't get
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in trouble with institutions that i
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service in the indexing business who
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have those sustainability mandates my
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coin now
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are mined in northern quebec and in
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northern norway and in bc and i own them
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clean as a whistle nobody can tell me
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that i'm offside esg there's not going
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to be any carbon audit because there is
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no carbon and that's the thing you got
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to watch for you got to look at your
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names in energy in bitcoin mining and
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wherever else you're investing and see
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if it passes the esg smell test it's no
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joke anymore it's a real deal and
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institutions are watching
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okay very
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interesting give me your thoughts on
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this down below seriously i want to know
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what you think comment down below and by
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the way if you're interested in making
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money with cryptocurrency click
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subscribe right now we drop a video
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every single day demystifying keeping
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you informed on this crypto market
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but back to kevin back to the issue
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kevin brought up and at face value just
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hearing the headline sounds great i like
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it i want companies to be greener i want
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them to use hydro and wind and solar
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power
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anything that promotes a greener world
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for my future kids to live in
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man i like that
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right now let's just put that aside for
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a minute we all like that let's put it
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aside the issue i have with kevin is
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that this is a total double standard
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he's putting on bitcoin miners as
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opposed to every other industry in
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similar standing in his portfolio for
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example is he putting the same demands
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on the gold industry kevin has gold in
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his portfolio i assume in order to mine
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gold out of the earth these mining rigs
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have to pollute a ton to do it but kevin
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for some reason deems that okay that
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worth it but not bitcoin how about all
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the electricity facebook's server farm
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or amazon or google's heavy intensive
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server farms uses up every single day to
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make google work hey i hope kevin sold
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his shares in google and facebook and
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amazon as well
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guys am i wrong on this
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seriously if i'm wrong let me know down
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below in the comment section
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to finish today's video like always i
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want to share with you the latest news
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involving altcoins like axi like polka
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all right first piece of quick altcoin
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news for axi infinity axi infinity
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making big changes to fix its ailing
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play to earn nft economy the leading
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play to earn game has seen crashing
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token and nft values
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now it's making changes to turn things
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around so because the values of their
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token as well as the values of their
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nfts keep crashing in this down market
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they're making some tokenomics changes
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on thursday sky mavis announced a series
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of economic changes that will launch
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with axi's upcoming 20th in-game season
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essentially the pc and mobile game will
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hand out far fewer slp rewards tokens
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will now be giving out far less tokens
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in some aspects of the game
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why is axe the infinity's economy
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cratering
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sky mavis believes it's primarily due to
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slp token inflation
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with four times the amount of slp
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through the axi breeding process to
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address that axia infinity will give out
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far less slp removing it entirely from
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the single player adventure mode and
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cutting out rewards for daily quests in
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a direct quote
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we believe that these economic changes
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will allow us to start riding the ship
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and getting the economy moving in the
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right direction interesting so sky mavis
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is to x infinity kind of like what the
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fed is to the us dollar
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next up let's talk about polka dot polka
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dot allocates almost 1 million dot
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tokens to boost its ecosystem and web3
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development so they are spending money
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to grow their ecosystem in a recent
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press release polka dot noted that the
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bounty proposal dubbed the polkadot
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pioneers prize is a series of challenges
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that have been carefully created to push
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technical innovation on its network so
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this money will be used for rewards for
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technical innovation challenges
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the first two challenges will be
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revealed later this year and will
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include research and development on xero
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knowledge as well as the polka dot
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infrastructure so far the blockchain
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project has allocated almost one million
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dot its native cryptocurrency worth over
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21 million dollars the funds will be
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split between the first two challenge
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categories and subsequent ones
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so in down markets the building is still
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happening and next piece of very
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interesting news from mena protocol
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just mean a protocol being taught to
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stanford students probably nothing so if
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we check out the stanford syllabus
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this is what they're teaching for their
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course on blockchain technologies we can
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see they're teaching bitcoin obviously
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they're teaching ethereum obviously but
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if we control f and type in mina
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boom right there teaching about snarks
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zk roll ups and mena protocol how to
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compress the blockchain using many
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levels of recursion if you hold mina
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you'll love this they're also teaching
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uh al grand was here cello the
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blockchain right here but love to see
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cryptocurrency being taught in the
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curriculum of stanford university
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but that is the video my name's austin
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like always see you tomorrow and as a
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reminder do not forget to get your
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gonna be epic
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