Businessman Kevin O’Leary, who appears on the reality TV show Shark Tank, seems to be backing away from statements he made in December indicating he might purchase more Bitcoin.
In an episode of his YouTube series released today titled “Why I’m NOT Investing in Bitcoin,” O’Leary spoke to Bitcoiner Anthony ‘Pomp’ Pompliano and called Bitcoin (BTC) a “giant nothing burger” in terms of its value as an asset. He argued he would be unable to make “a significant transaction” using the crypto asset because of inconsistent regulatory frameworks across the world.
“I look at the asset value of Bitcoin versus the asset value of all things traded and Bitcoin is still a nothing burger — a giant nothing burger,” said O’Leary. “The reason I would argue that that’s the case is you don’t have every institution willing to play ball with it.”
The Shark Tank star is not completely against Bitcoin however. He appeared on an episode of Pomp’s