‘Shark Tank’ star Kevin O’Leary slams Bitcoin as niche and poorly regulated: ‘a giant nothingburger’
- Date: 15-Jan-2021
- Source: Business Insider
- Sector:Financial Markets
- Country:Middle East
‘Shark Tank’ star Kevin O’Leary slams Bitcoin as niche and poorly regulated: ‘a giant nothingburger’
"Shark Tank"/ABC
"Shark Tank" investor Kevin O'Leary criticized Bitcoin as niche, illiquid, and poorly regulated."Bitcoin is still a nothingburger, a giant nothingburger," he said on his YouTube channel.O'Leary emphasized the potential for a global digital currency approved by regulators.Visit Business Insider's homepage for more stories.
"Shark Tank" star Kevin O'Leary dismissed Bitcoin as too niche, illiquid, and badly regulated to justify a substantial investment in an interview this week.
"I look at the asset value of Bitcoin versus the asset value of all things traded and Bitcoin is still a nothingburger, a giant nothingburger," he told investor Anthony Pompliano in a video on his YouTube channel.
"You don't have every institution willing to play ball with it," the O'Leary Funds and O'Leary Ventures chairman continued.
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O'Leary - whose nickname is "Mr. Wonderful" - added that it's a headache to buy a large sum of Bitcoin and a pain to navigate the regulatory minefield around cryptocurrencies.
"If I want to buy a million dollars' worth of Bitcoin right now, I've gotta do a