Businessman Kevin O’Leary, who appeared on the reality TV show Shark Tank, appears to step back from his statement in December stating that he might buy more Bitcoin.
In one episode of his YouTube series debuting today, “Why am I not investing in Bitcoin?” O’Leary spoke to Bitcoiner Anthony ‘Pomp’ Pompliano and called Bitcoin (BTC) a “giant burger” in terms of asset value, he argued that he would not be able to. “Make significant transactions” using crypto assets due to inconsistent regulatory frameworks around the world.
“I look at the asset value of Bitcoin versus the asset value of everything that is traded, and Bitcoin is still a burger with nothing, even a giant burger,”; O’Leary said. “The reason I would argue is that. Is that you don’t have all the institutions that are willing to play football. “
However, the Shark Tank star is not completely against Bitcoin.He appeared in an episode of Pomp’s podcast in December and revealed that he already owns BTC and may consider investing anywhere from 1% to 2.5% of the portfolio. His folio on future crypto assets In his YouTube video today, the businessman says Bitcoin has the potential to become “something of great value” if regulators in countries want to stay behind the digital asset. :
“If there is any attempt to accept Bitcoin or any other currency […] That can be traded anywhere, with regulators agreeing and agnostic – in other words, you can trade for assets in Switzerland, trading for assets in France or in the UK, or in the US. […] Everyone will accept that cryptocurrency “
O’Leary is known for his colorful but important nickname. He previously called digital assets “crypto crap” and Bitcoin “non-real money” and “fraudulent currency”.