Kevin O’Leary Sees Regulation, ‘Spigots Of Capital’ Coming To Bitcoin Today

Posted on

Kevin O’Leary is a well-known businessman and entrepreneur, who is particularly famous for his role on “Shark Tank.” In 2019, he was quoted in an interview with CNBC saying that Bitcoin is “worthless” and “garbage.” Since then, O’Leary has changed his tune, claiming to have invested 20% of his portfolio in bitcoin and other cryptocurrencies in a recent interview on “Squawk Box.”

In the same “Squawk Box” interview, O’Leary disclosed that he is invested in at least one private bitcoin mining facility. O’Leary said, “I have millions of dollars, 20% of my portfolio is now in cryptocurrencies and blockchain.” Though heavily invested in the cryptocurrency space, O’Leary continues to demonstrate some viewpoints with which many Bitcoin proponents disagree, namely around non-fungible tokens (NFTs) and assets other than bitcoin, particularly his viewpoint that “non fungible tokens are going to be bigger than bitcoin.”