"If I want to buy a million dollars' worth of Bitcoin right now, I've gotta do a fair amount of work to pull that off," he said. "I can't get consistency with any single regulator on endorsing bitcoin for me to actually do a significant transaction."
However, O'Leary underscored the rich potential for a digital currency that is widely approved by regulators and can be used to buy assets around the world."Then you would have something of tremendous value," he said. "That is a vision that's really attractive versus this tiny little thing."last month. The size of the Bitcoin market makes it "completely irrelevant to the institutional client," he said.
The veteran investor also highlighted a regulatory crackdown as a major risk for crypto fans. "Grown men are going to weep when that happens," he said. "It will be brutal."
67Dodge I remember over 20 years ago that most of my colleagues over 60 had the same speeches about internet stocks. Deja vue! He is right about regulations but Bitcoin is here to stay. Gotta learn to live with the beast.
Why do we put so much faith in people who hit big once and hire smart enough people to properly leverage their wealth? Don't listen to this guy. He sold a good company once. Listen to his staff.
If he was smart enough, he would’ve been a billionaire by now not with 400m estimated net worth since forever 🤣
Niche...?! 🤣 It’s bigger than the fiat market cap of numerous countries...! Another clueless dinosaur...
That proves he’s a late investor 🙃
The guy does paid ads for shit products all day long. Calling them his 'friends'. I'm sure when the JoeBiden 1.9T inflation plan kicks in he'll change his tune.
HFSP 🦈🦈🦈
🤣
Yo APompliano, see this 😂