“I don’t want to own coins with a bad provenance, for instance one’s mined in china or blood coins.”
Kevin O’Leary
I asked reddit about fungibility and the replies were pretty shocking. Hardly anyone seemed to understand the concept, either confusing it with privacy or authenticity.
Bitcoin is better in every way than gold except fungibility. How much of a problem is this? from Bitcoin
A day later Kevin O’Leary announces his change of attitude towards bitcoin and confirmed he would weight his portfolio with 3% bitcoin. However, the billionaire only wants virgin coins mined by himself with renewable technology.
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Music: “Someone Cries” – Produced by Andrew Holt
Source:
Stansberry Research
