The Lion’s Cave is also a well-known investor in the USA (Shark Tank) television show Kevin O’Leary is not going to put its money into bitcoin, he says CNBC released on Tuesday Youtube video based on.
“Bitcoin is equal to empty,” O’Leary said.
O’Leary notes, for example, that he cannot use bitcoin to buy assets globally because regulators in different countries remain skeptical about the cryptocurrency. Moreover, the transfer and conversion of bitcoin into the official currency will not happen in an instant, according to O’Leary.
“If I want to buy a million dollars worth of bitcoin right now, I have to work hard to make this happen.”
Many bitcoint transactions are made by converting bitcoin into the official currency. Although cryptocurrencies have recently received increasing support from big companies such as From PayPal and Fidelityltä, according to experts, the process is still time-consuming and difficult.
Although O’Leary has not yet swallowed buying bitcoin, he believes digital currencies have great global value. However, it requires that the currency should be able to be traded anywhere and should be approved by regulators. If that were the case, O’Leary says CNBC says it can invest in bitcoin.
“That way I could keep half of my net worth in digital currency. I could buy groceries and a house in the currency. ”
Such a vision is considered attractive by O’Leary compared to the current situation where Bitcoin is not, in many ways, a very liquid asset class.
Source: Tivi by www.tivi.fi.
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