Kevin O’Leary: ‘Spigots Of Capital’ Coming To Bitcoin


Kevin O’Leary is a well-known businessman and entrepreneur, who is particularly famous for his role on “Shark Tank.” In 2019, he was quoted in an interview with CNBC saying that Bitcoin is “worthless” and “garbage.” Since then, O’Leary has changed his tune, claiming to have invested 20% of his portfolio in bitcoin and other cryptocurrencies in a recent interview on “Squawk Box.”

In the same “Squawk Box” interview, O’Leary disclosed that he is invested in at least one private bitcoin mining facility. O’Leary said, “I have millions of dollars, 20% of my portfolio is now in cryptocurrencies and blockchain.” Though heavily invested in the cryptocurrency space, O’Leary continues to demonstrate some viewpoints with which many Bitcoin proponents disagree, namely around non-fungible tokens (NFTs) and assets other than bitcoin, particularly his viewpoint that “non fungible tokens are going to be bigger than bitcoin.”

But his celebrity profile and general interest in Bitcoin have made O’Leary an off-and-on notable personality in the Bitcoin space, and it was with this in mind that attendees of Bitcoin 2022 gathered to hear his latest thoughts on BTC in a keynote address today.

O’Leary started his speech by discussing the need for regulatory clarity and policy around bitcoin and when it doesn’t, “The spigots of capital will flood open.” He predicted, “In ten years, crypto, blockchain and all of these types of assets will be the 12th sector of the S&P.”

Source link Bitcoin Magazine


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