Billionaire investor and Shark Tank veteran Kevin O’ Leary thinks investors are warming up to Bitcoin as digital property.
In an interview on the Best Business Show with Bitcoin bull Anthony Pompliano, O’Leary contends that big investors and institutions are starting to treat Bitcoin more like prime real estate in Manhattan rather than a currency to trade.
“Anytime people say, ‘I know the ceiling on the price of Bitcoin.’ They have no idea.”
So you would buy it the same way as a triple-A office tower in Manhattan. You buy an allocation to [Bitcoin] that you’re allowed to own. You never trade it. You own it as an asset.
When asked about a breakdown of his personal portfolio, O’Leary mentions that he owns Litecoin in addition to his positions in Bitcoin and Ethereum and plans to add a dozen new positions by the end of next month.
In June, O’Leary said that he believes Bitcoin won’t see another rush of institutional adoption until it can resolve its issues with environmental, social and corporate governance (ESG).