Kevin O'Leary mines a potential Bitcoin 'bomb': 'Pretty interesting'

O'Leary Ventures President Kevin O'Leary says he might have a 'special new friend' in Alberta Premier Danielle Smith after she dropped a brilliant Bitcoin “bomb” during his interview on “Varney & Co.” Wednesday.

When FOX Business host Stuart Varney asked the Canadian politician if she knew if she was “killing the planet” by exporting oil, she replied: “We have 200 billion barrels of oil in reserve that are recoverable. »

“We have 200 trillion cubic feet of gas. And we also have interstitial space that is probably the best in the world, second only to Russia,” she added.

“I think we are a better trading partner and a better friend than Russia. So we have a plan to take the carbon dioxide, capture it and bury it, capture, use and store the carbon. We already have it done at scale. We've already done it. We intend to do more, and I think the other part of it is that we want our low-emission fuel to be exported internationally. be able to reduce global emissions.

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O'Leary said Smith's comments about the amount of oil reserves attracted a “ton” of attention.

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“That's all the power. That's what it is. And that's what we need for Bitcoin mining, we need AI Data Centers” O'Leary said Thursday. “She goes out there…it was pretty interesting.”

Mining is a process used by Bitcoin and several other cryptocurrencies to generate new coins and verify new transactions, according to Coinbase. This is a costly and energy-intensive process that can be countered by using natural gas to power bitcoin mining data centers.

Smith also mentioned that she plans to travel to Washington, D.C., for President-elect Trump's inauguration in January. When asked if she was a “big Trump fan,” she replied: “I'm a fan of our biggest trading partner, so [a] A $188 billion relationship. We had excellent relations with the previous administration. I know we will have a great relationship with the new administration.”

Varney also invited her to return to the show in New York.

“You could come and meet her,” Varney suggested to O’Leary.

“She's my new special friend if she has that much energy,” the “Shark Tank” star replied. “And she’s going to get a lot of phone calls from other people like me – I can guarantee you that.”

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