Reality TV show star and business mogul Kevin O’Leary might just be changing his mind about Bitcoin. The businessman who makes appearances on Shark Tank has in the past blasted the crypto space and used words like “Crypto crap” and also once referred to Bitcoin as a “rogue currency”, seemed to have had a change of mind back in December.
Kevin Owns some BTC
An appearance on Anthony Pompliano’s podcast last month saw the businessman reveal that he did actually own some BTC and might consider getting some more. He also said that he might consider investing anywhere from 1% to 2.5% of his portfolio into the crypto asset in the future. According to Kevin O’Leary, if regulators in different countries were to get behind digital assets Bitcoin could become “something of tremendous value”. The business man said;
“If there was an attempt to either take Bitcoin itself or some other currency […] that could be traded everywhere with the regulator agreeing to it and would be agnostic — in other words, you could trade it to buy assets in Switzerland, trade it to buy assets in France, or in England, or in the United States […] everybody would take that digital currency.”
BTC has seen some volatility since the start of the New Year with the all-time high of $42,000 being slashed over the weekend to just below $33,000. A bounce back to $35,000 could be an indicator that bulls still lie in wait and we could see a rally towards the $40,000 mark again.
Possibility of global adoption
O’Leary’s potential change of mind on BTC depends on the possibility of global adoption which is quite plausible soon. With large institutional investors coming on board, all the indicators of global acceptance are beginning to take shape and we could soon see even the staunchest of cynics changing their stances.
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