Kevin ‘Mr. Wonderful’ O’Leary recently shared his plans to invest in mining company stocks. During an interview with Anthony Pompliano, he shared some interesting stories regarding his recent travels to the Middle East, where he looked for ways to invest in Bitcoin mining.
According to Mr. Wonderful, renowned Shark Tank mogul, Middle Eastern investors are currently interested in “sovereign mining operations.” Among other things, he predicts that sovereign funds could start investing in BTC mining within two to three years. However, O’Leary notes that it’s highly likely that the chosen mining businesses will use sustainable energy.
According to the businessman, investors will closely look at eco-friendly mining operations because environmental-related controversies have been abounding recently. Other than that, Mr. Wonderful also revealed that he’s also interested in launching his own mining operations. But before he does that, there are a couple of things he needs to consider first.
Other than government approvals, he’ll also need the community’s approval where he’ll be hosting the mining operations. He also explains that mining companies dealing with Bitcoin need to track how much BTC they’re earning in company balance sheets. This process allows investors to buy stock of the mining company, ultimately letting them earn BTC through equity. O’Leary states that he wants to invest in BTC in this way.
O’Leary shared in December what he thought about investing in crypto. Speaking with Cointelegraph, he said that crypto investing is like investing in giants like Microsoft and Google.
At the same time, the Canadian entrepreneur revealed his excitement about NFTs and how much potential they hold. He predicts that non-fungible tokens may become even bigger than they already are today—even bigger than Bitcoin. Nevertheless, he states that he would continue to invest in both.
