Topic: Kevin O'Leary's Take On Bitcoin! (Read 390 times)

I doubt it.

I don't think someone as old as O'Leary and with the amount of investing advice that he's given and learned himself about traditional investments, is going to be able to budget on such a foundational idea that Stocks and bonds are old, and Crypto investments are the future. He can't change a view that he's had for so long, because he's never seen the world without it.

I'd like to have someone like Anthony Pompliano, he's a very bright guy and he showed how smart he is within this interview.

With that said, it could be extremely beneficial to have someone like Kevin O'Leary on CNBC, but only if he were there to actually promote Bitcoin. When doing so, he could open up his followers, or his target market, to new ideas regarding bitcoin and crypto in general.

But maybe he is secretly keeping a stash of bitcoin for himself. And just giving those comments towards bitcoin to create fud and might further boost the btc performance. We really don't know their real intentions toward bitcoin. What we are seeing is their front face but we are not seeing what's going on behind.

Then again, you have to remember where this news is being dissipated from and who the target it. For a target like CNBC, you're going to have people that are for traditional investments such as stocks, bonds, mutual funds, etc. -- Nothing wrong with that, though Kevin O'Leary is going to be someone who made his wealth (and continues) to make his wealth in this sector.

Someone like that is going to be hard to change his mind about.

We have to try to go for the new generation, whose wealth hasn't been made (and relies on) Stocks, Bonds, etc.

Kevin O'Leary are used to old school investments and this is clear when you look at the type of investments that he has put his money in with the program, Shark Tank. He wants an hands on investment and something where he can touch the product that he invested in.

Why would he suddenly invest in something that he knows nothing about? A lot of investors will shy away from investments, if the technical aspects of that technology is too complicated. He is just repeating what the mass media are spewing out to the public. 

I don't trust guys like him, he is loud and is always craving attention on television.  Most of the real successful businessmen are quietly behind the scenes making moves.  Throw Marc Cuban in with O'Leary, just another guy that got lucky by selling a worthless company during a bubble.

I love someone that has said that he is excited about the bull run and if the price would go another all-time high, But well even if Anthony Pompliano have already indicated his point and the way he thinks about bitcoin's movement, Kevin really is a Sceptic about cryptocurrency because of his experience in losing Fiat money on Shit coins, But now I love how Pompliano handle all the critics and being optimistic about it is what is kevin has quoting about him, That is why I keep on Holding.

methods of extracting gold have indeed improved and become much easier throughout the decades but the price of gold has also been going up through the decades because how hard it is to mine gold is only a small factor in determining its value.
in the end it will come down to its supply and demand, even if you could mine it with a spoon and a coffee filter, you still have to go find a mine, extract the ore and process that. it is not like you could find it in your backyard.

It's just like any other online debate. Two people with preconceived and immovable notions speak their mind try to change the other person's mind. It doesn't matter what the facts are, it only matters what people want to believe.

That being said, more people are probably in line with Kevin O’Leary's thinking. If nothing else, this shows that we have a long road ahead of us.

I do understand why he's obsessed wiith this, it's because in his mind this is what is showing 'real large-scale adoption' I would have to agree, though I'm expecting Bitcoin-related payments to be allowed on a state by state basis. Doubt the federal government will ever allow such a thing (unless they notice that they're losing out on tax revenue, which they aren't)


Yup. These are competing ideals that would even be as deeply rooted as religion. There's no real way to convince the other side that you're right and that they're wrong. Though I do have to agree a good deal of the bitcoin critics have no clue about Bitcoin, they just read clickbaity titles from MSM companies about it and use that as fact.

Nothing interesting actually here. We have already all of these arguments in the past and we know the answers to many objections of bitcoin critics. At the end of the day, it is about belief...that belief that bitcoin is much better than the dollar (which is also based on faith). However, it is good to know that this is being brought up now in the media and we know that the more people talk about something then the more other people can be interested with it.

What is obvious here is that there are many bitcoin critics who are not researching well and they must admit that they are just using their gut feeling about it and arguing not based on facts. Let us all thank Anthony Pompliano for defending bitcoin in the face of those who continually doubt about it.

you're just making up random numbers that don't apply in any relevant way. before bitcoin crashed to $3k, you said the $6k average mining cost was a "floor" for the price. what a crock of shit, lol!

i told you back then, and i'm telling you now, the mining market doesn't dictate anything. it simply lags behind the spot market. miners are just speculative investors just like the rest of us. and when the price plunges below their cost of acquisition, it affects them just like it affects us when we are underwater: we liquidate to cover losses.


that's your fundamental problem. you operate under this bizarre fallacy where investors can endless sink capital into an underwater investment without ever liquidating. that's simply not how investment works, including mining investment.

O'Leary comes across as a pompous jerk who speaks about topics of which he has little knowledge. So he bought near the peak of the bull market and then lost 70%, and then forms an opinion on said asset based on his bad timing. He should stick to his TV show.

Lol he thinks CAD and USD is real money. This is a goblin not a man.



Where is the intrinsic value of USD or CAD, BUD?

My least favorite dragon on dragons den btw. They should rename the show to dumbass den.

More mainstream media brainwashing, I need to stay away from this stuff, the more I watch it the more my brain starts to bleed.

Madia talking like this about bitcoin will only bring more bump on the coin, we all know the story... bitcoin bump, it hit the sky, then media start talking sweet things about it, and then it crash, there is when media start saying bitcoin is a bubble, and this cicle repeats each 2 years, lol.

It seems like Billionaires all over the world have been recommending Bitcoin. I can tell why and it's no mystery that many of them are already in possession of a large stash.

There's no sense in debating with someone who doesn't believe in crypto. It doesn't even make him smarter to call Bitcoin a garbage. Bitcoin would defend and speaks for itself through its works and success. Those people who are trying to put Bitcoin down would realize and regret things that they're saying about BTC.

investors are not deducing the average cost, the mining/market dynamics is always at play
heres a few points

VALUE is not PRICE
VALUE is multlayered.
imagine bitcoins $8k
what if i told you:
$0-$5k was the cost/mining value
$5k-$6k was the utility value
$6k-$8k was the FOMO speculative/hype/bubble value

again if you took away the cost/acquisition. but still had utility then the price would not be $8k
same with gold, if people could mine gold using a spoon and a coffee filter, gold would not b at $1k. even if gold still retained the same utility.

saying that bitcoin is just 100% hype/bubble/speculation shows they dont understand basic economics.. even you admit without utility or cost no one would buy it because:
1. if theres no cost, its free
2. if there is no utility, no one will want it

hre is why the value is not just some random number picked out of a hat by 2 people but is based on a few underlying things

what happens is once the hype /fomo corrects down, people then look at the cost they acquired it for and refuse to sell for less, which given enough time reaches a certain equilibrium. for instance winters mining costs were around $3500 and there were months of opertunities for people who previously bought early on below $3500 to sell out.

those new purchasrs bought at over $3500 and so now more people wont want to sell for under $3500 again because they had their chances and now there are more people holding coin valued at over $3500 than before winter

Surprised that even in main stream media you can see how close minded can people get when it comes to Bitcoin. Anthony Pompliano just got victimized by a no coiner that even if he contradicted all his opinion he got shutdown by ending the conversation with Kevin's opinion of BTC being a garbage. Just by seeing how Kevin went with his flawed reasonings shows that he doesn't really have any knowledge at all on what he is talking about, he is just another man trying to look smart in front of the masses.

What is said to affect Bitcoin? as long as it does not have any impact, it is said that it will not affect those who are indeed investors. because there are many who give a statment about bitcoin but bitcoin continues to run as usual and bitcoin is currently excited