Celebrity investor Kevin O’Leary (aka “Mr. Wonderful” ABCTV series “Shark tank“) Recently, institutions have said they are beginning to see Bitcoin and other crypto assets as digital” properties. ”
In an interview with Episode # 25 of The Best Business Show, O’Leary told Anthony “Pomp” Pompliano that financial institutions are beginning to treat Bitcoin like real estate rather than as a tradable currency or asset. ..
NS report According to The Daily Hodl, O’Leary said:
When I talk to institutions, there is a change in the philosophy of their way of thinking, let’s say in Bitcoin. Bitcoin was considered by many institutions that did not yet own it, that was, those that considered Bitcoin as a currency, but no longer thinks so. They see it as a fortune.
Shark Tank Star compared Bitcoin purchases with lucrative real estate acquisitions in New York City. He said financial institutions are buying BTC to hold its balance sheet as an asset rather than trading it.
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O’Leary also admitted that few analysts could reasonably predict the future of Bitcoin prices, saying “I don’t know” where the cap is. Veteran investors have said that Bitcoin prices can “go anywhere”, especially under the influence of institutional investors.
O’Leary also commented on his personal crypto portfolio, stating that he has positions in Litecoin and Ethereum in addition to Bitcoin.
Bitcoin is still a big dad. Currently I have only 3 positions and by the end of next month I will have almost 15. We won’t reveal what they are, but at this point they are mainly Ethereum (ETH) and small Litecoin (LTC). ), Bitcoin (BTC), and a large amount of USDC.
O’Leary previously predicted that Bitcoin’s large-scale investment would stop until technology could understand a more sustainable balance of environmental and social impacts. Shark Tank stars are critical of Bitcoin mining in China, focusing on its negative impact on the environment and its high power consumption.
The views and opinions expressed by the author or those mentioned in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing or trading crypto assets carries the risk of financial loss.
O’Leary: Institutional investors see Bitcoin as a digital “property”
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