Shark Tank star and millionaire investor Kevin O’Leary may be changing his mind on Bitcoin. Kevin O’Leary announced that he has invested in Bitcoin and some altcoin projects. Here is Kevin O’Leary’s portfolio of cryptocurrencies…
Celebrity millionaire investor Kevin O’Leary: I bought a little bit of crypto!
Famous millionaire investor Kevin O’Leary has been criticizing cryptocurrencies for a long time. Kevin O’Leary announced that he bought cryptocurrencies on a small scale three years ago. Kevin O’Leary said:
I have a crypto wallet. I really love and enjoy it. Let me see how much it’s worth. I will tell you how this happened. One night I was teaching at Harvard in the graduation class. They forced me to become a cryptocurrency investor. I was like, ‘You know what, I have no problem with that. Actually, I’m going to risk $100. I will buy every single cryptocurrency that was on Coinbase three years ago.” I said.
Kevin O’Leary: I invested in Bitcoin and these 5 altcoin projects!
Kevin O’Leary says he bought Bitcoin (BTC), Ethereum (ETH), XRP, Litecoin (LTC), Bitcoin Cash (BCH) and Stellar Lumens (XLM) in equal measure. Kevin O’Leary adds that the experience makes him a fan of Bitcoin. However, Kevin O’Leary does not have one-on-one intentions for the remaining altcoin projects. Kevin O’Leary adds to his comments on the bet:
What does it cost today? Remember, I put in $100. It now costs $88.97. What happened? How come I didn’t make a ton of money? Because not all cryptocurrencies are created equal. Bitcoin is perfect, everything else is crypto crap….
Celebrity millionaire: Cryptocurrencies are not backed by anything
Kevin O’Leary states that cryptocurrencies are “backed by nothing” ” he argues. In addition, the famous investor believes that he should be able to get back the money he lost on his investment. Kevin O’Leary adds:
So here I am $88.97, who do I call to get my money back? Oh no, there is no one. That’s the problem… It’s not supported by anything, it’s supported only by your belief. The challenge with cryptocurrencies is its engineering scarcity. That’s why I really don’t like this crypto business. You have to predict which cryptocurrencies will move and how they will manage the shortage. But this is not really an institutional work. But I would really like to know how to get back the $11 I lost. Call me…