Shark Tank’s Kevin O’Leary says: ‘Why I’m not investing in nothing burger Bitcoin’

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The Shark Tank star, while criticizing Bitcoin, has said that if authorities were to back it, the digital currency might become something of immense worth.

It seems that businessman Kevin O’Leary, who stars on the Shark Tank reality TV show, is walking away from comments he made in December suggesting that he might buy more Bitcoin.

O’Leary talked with Bitcoiner Anthony’ Pomp’ Pompliano in an episode of his YouTube series published today titled “Why I’m NOT Investing in Bitcoin,” and named Bitcoin (BTC) a giant nothing-burger in terms of its worth as a currency. He claimed that he would be unable to make a substantial trade using the crypto asset because of inconsistent regulatory mechanisms around the globe.

“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. The reason I would argue that that’s the case is you don’t have every institution willing to play ball with it.”

O’Leary said

The Shark Tank star, however, is not entirely against Bitcoin. He featured on a Pomp podcast episode in December. He disclosed that he already owned some BTC and would consider investing in the crypto asset in the future from 1 percent to 2.5 percent of his portfolio. In his YouTube video today, if authorities in various countries were to get behind digital currencies, the businessman also said Bitcoin can become something of immense value:

“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.”

For coming up with colorful yet vital nicknames, O’Leary is popular. He has referred to digital currencies previously as crypto crap and as not an actual currency and a rogue currency as Bitcoin.

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