Shark Tank’s Mr. Wonderful is opening up to Bitcoin; here’s how much he’s planning to spend in BTC.

Spread the love

When Bitcoin rises in mass acceptance, it doesn’t come as a surprise that some of the asset’s detractors have changed their hearts. The most recent entry to this list is Canadian TV host Kevin O’Leary, who is “going for a 3% portfolio distribution.”

In his latest tweet, O’Leary, who co-hosts Shark Tank, thinks that the digital currency might be either currency, land, asset, or all three.

O’Leary has come a long way from last month’s comment that Bitcoin is “a giant nothing-burger.” On February 10, he announced that he also purchased crypts like BTC, ETH, BCH, LTC, XRP, and XLM only because he was asked. At the time, he said that he had no trouble purchasing investments and that he would go ahead and “risk a hundred bucks.”

Having invested 16 dollars on each of the coins mentioned above, he said:

“How come I didn’t make a ton of money? Because not all cryptocurrencies are equal…That’s why I don’t really love this crypto stuff. You have to guess which coin is going to move.”

But, O’Leary, famously known as ‘Mr. Great,’ is now looking to invest in Bitcoin miners as well, particularly those who can ‘build the coin under the 0-carbon mandate, so sustainably.’

RECOMMENDED READ:  Here is why Wealth advisers are betting on Bitcoin as a hedge

The businessman told CNBC that he weighted 3% of the allocation between Ethereum and Bitcoin. He acknowledged that he was sickened by market fluctuations and that he was “getting used to it.”

Meanwhile, Mark Cuban, O’Leary’s counterpart, has recently made a bullish case for Ethereum. Cuban thought that blockchain technologies could be a game-changer for multiple sectors and was enthusiastic about the “simplification of smart contracts” on Ethereum.

Like O’Leary, who is a relatively new crypto investor, many on crypto twitter were asking if they were too late. A billionaire hedge fund founder recently said that being late for the crypto party is like “taking a loser seat at a high stake poker game.”

Contrastingly, Ruffer, which manages $28.3 billion worth of investment funds, said they are relatively “early:”

“[We are] at the foothills of a long trend of institutional adoption and financialization of Bitcoin.”

Last year, Ruffer allocated roughly 3% of its portfolio to Bitcoin, in order to diversify its much larger investments into gold.

 448 Interactions,  4 today

Bitcoin Price Movement Analysis for 17th April, 2021

Following reports that Turkey's central bank had placed a ban on crypto-holders using their digital currencies for payment, Bitcoin fell Read more

RECOMMENDED READ:  Research: Three Criminal Apps You Need To Keep Your Crypto Away From
What is the concept of Crypto Arbitrage? – Earn Money With Cryptocurrency

Where there is a price gap between two or more exchanges, there is an opportunity for cryptocurrency arbitrage. Arbitrage is Read more

Central Bank of Nigeria (CBN) and Nigeria’s SEC iin talks about crypto regulation, 2020 crypto guidelines  suspension unchaged.

The Securities and Exchange Commission (SEC) of Nigeria has reported that discussions with the Central Bank of Nigeria (CBN) about Read more

Bank of Korea’s Governor is the first to criticize the “limitations” of crypto-assets.

In South Korea, there has recently been a large increase in crypto-investments. Unlike in the United States, regulatory authorities in Read more

Bitcoin Price Movement Analysis for 16th April, 2021

Today, the Bitcoin price is plummeting as buyers race to win after it hit an all-time high of $64,945. Bitcoin Read more

The Nigerian Securities and Exchange Commission (SEC) claims that the central bank’s crypto ban has caused business disruption.

The Nigerian Securities and Exchange Commission says it is collaborating with the central bank to develop a regulatory system for Read more

Finance authorities dismiss cryptocurrencies, in the wake of Coinbase’s IPO celebrations

Economic gatekeepers are taking a closer look at blockchain as mainstream coverage of the Bitcoin bubble and Coinbase listing intensifies. Read more

RECOMMENDED READ:  Steem to Freeze Another $5M in Tokens Associated With Hive Supporters
Romanian university intends to consider cryptocurrency payments for admissions fees.

The academic college, which has about 11,000 students, stated that the inclusion of crypto payments was part of a campaign Read more

Bitcoin Price Movement Analysis for 11th April, 2021

Is Bitcoin nearing its peak? It's unlikely. Many on-chain measurements revealed that, although Bitcoin was highly bullish, it had not Read more

Fidelity’s Tom Jessop on why Crypto has reached a “tipping point.”

The crypto market has gained traction as a result of low interest rates and fiscal stimulus, according to a Fidelity Read more

How arrests for attempting to obtain a hitman and a nuclear bomb demonstrate that the dark web is not always anonymous.

Paying with cryptocurrency does not guarantee your safety. Most of the criticisms levelled at cryptocurrencies is that its difficult-to-trace existence Read more

Bitcoin, BTT, Dogecoin Price Movement Analysis for 7th April, 2021

Bitcoin was expected to remain above the $55,800-support, a level that coincided with its 200-SMA. BitTorrent Token was projected to Read more

Leave a Reply

Contact Us