An investor familiar from TV blunted bitcoin: “just as empty”


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.

*The article has been translated based on the content of Tivi by www.tivi.fi. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!