O’Leary In Bitcoin For The Long Run.
The 66-year old O’Leary is a businessman, author, politician, and perhaps best known for his participation as one of the hosts in the reality TV show Shark Tank. The millionaire has recently changed his mind on bitcoin and allocated 3% of his portfolio to the primary cryptocurrency.
During Bitcoin 2021 conference in Miami, which became the largest-ever Bitcoin event, CryptoPotato had the chance to speak with the prominent investor about his views on the industry and BTC in particular.
Just a few days before the conference started, Bitcoin had concluded May, which had been the second-worst month for its price in its 11-year history. The monthly high touched the $60K mark on May 10, only to crash 50% just nine days later, on May 19.
O’Leary isn’t worried about it at all:
“I don’t care if it goes down $20,000 or up $20,000. I’m not selling it. One bitcoin is one bitcoin. I’m in it for the long run.”
He even mentions the benefit of the asset’s extreme volatility, as he has put his bitcoins to work on various DeFi projects that earn him even higher interest due to the increasing volatility.
Source and link to Reddit topic: Kevin O’Leary, Shark Tank host : “I don’t care if it goes down $20,000 or up $20,000. I’m not selling it. One bitcoin is one bitcoin. I’m in it for the long run.” "Nothing Will Replace Bitcoin".