Bitcoin

Pomp speaks with Shark Tank’s Kevin O’Leary about buying “a little more” bitcoin

The Canadian businessman Kevin O’Leary, that appears on the reality show, Shark tank, He apparently softened his stance on Bitcoin after speaking to Anthony “Pomp” Pompliano.

In an episode of the Pomp Podcast released todayKevin O’Leary seemed to have put his statements from last year behind him when he said Bitcoin (BTC) was “not real currency”. although he still raised concerns about the volatility of the crypto asset.

The businessman said he already owns some BTC and that he might consider investing “a little more” of his net worth of $ 400 million in cryptocurrency.

Pomp speaks with Shark Tank’s Kevin O’Leary about buying “a little more” bitcoin
Pomp speaks with Shark Tank’s Kevin O’Leary about buying “a little more” bitcoin

“I’m not against Bitcoin, I’m not against”, Said O’Leary. “But when it comes to putting millions of dollars into work, you really want to understand that you can think about it for the long term, and I have a feeling that there will be other alternative ideas.”

O’Leary said that Your main concern of investing between 1% and 2.5% of your portfolio half of what you got in gold In Bitcoin, the crypto asset is still not supported by regulators:

“Maybe I’ll bet a little more [en Bitcoin] just for the fun of it. I have a bit of time just so I can see the price, but it bothers me when I can’t have the regulator on board. “

But still, when governments support digital assets The businessman said he would consider investing a higher percentage of his portfolio in cryptocurrencies. “”The world needs a digital currency “, said.

“If you told me that the Swiss and European, American, Canadian and Australian governments are okay with everything, I would bet up to 20% of my portfolio on it.”

The Shark Tank star’s comments apparently show greater adoption of cryptoassets given what he said last year. In a 2019 CNBC interview O’Leary referred to cryptocurrencies as “fraudulent currencies” because they could not be taxed and were largely unregulated:

“I’m not interested in doing anything with this crypto crap because it doesn’t comply with the law.”

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