Bitmain Founder Warns Against This Future Threat For Bitcoin

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Jihan Wu, the co-founder of Bitmain, is worried about Bitcoin’s future. Per a report by Colin Wu, the co-founder of Bitmain told Chinese miners there are “environmental protection issues”. Therefore, institutions currently buying or holding BTC could be more concerned about the origins of their coins. This idea has been gaining momentum amongst some investors. Kevin O’Leary, who recently shifted 3% of his portfolio into BTC, has claimed in various mainstream media news channels that his coins must be “produced with clean energy” and not “mined in China”. O’Leary said in an interview for CNBC: institutions will not buy [BTC] mined in China, coins that have been mined using coal to burn for electricity, or coins mined in countries with sanctions on them. Also, Wu added that China has environmental protection priorities. As the reporter highlighted, there is a precedent of crackdowns in the Chinese-based Bitcoin mining activities. In Inner…

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