Shark Tank Investor: Bitcoin an Asset But Requires Education to Avoid Disaster
Shark Tank Investor Kevin Olary has given incentives and warnings to Bitcoin investors in a recent interview on CNBC's MacEtoo. He gave a strict warning to those people who do not understand Bitcoin, and encourage that cryptocurrency is definitely an asset, if not a viable currency.
O'Leary quickly said that those who want to invest in Bitcoin but do not understand that can create a cocktail party for disaster.’ He said:
"I'm quite sure that 99 percent of the people that own Bitcoin do not understand how it works. That always is a cocktail for disaster. You should never invest in something you don't understand.”
Not a viable currency, but successful asset
In addition, O'Leary said that at this point, bitcoin is not suitable for currency as a currency. In his own experience, he was unable to complete a transaction of $ 200,000 because the other party was concerned about instability
Even so, the famous investor was not completely down on bitcoin. Based on the global revolution, that cryptocurrency is considered to be one of the world's best performing properties.
In the final analysis, they concluded that bitcoin can go up or down, so it is more of a gamma than an investment. He advises investors to lose whatever they may have