Kevin O'Leary's Take On Bitcoin!

[pooya87]

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.

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.

[YuginKadoya]

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.

[BitBustah]

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.

[Kakmakr]

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. <His favourite investment type is wine related, because he knows a lot about wine>

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. 

[squatz1]

I’d love to know what you guys think of this debate. What are some points that were brought up that you found interesting?
Personally, Anthony Pompliano did an awesome job providing valid arguments for the seemingly know-it-all Mr. Wonderful.

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.

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.

[tippytoes]

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. <His favourite investment type is wine related, because he knows a lot about wine>

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. 

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.

[mikehersh2]

I’d love to know what you guys think of this debate. What are some points that were brought up that you found interesting?
Personally, Anthony Pompliano did an awesome job providing valid arguments for the seemingly know-it-all Mr. Wonderful.

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.

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.

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.

[squatz1]

I’d love to know what you guys think of this debate. What are some points that were brought up that you found interesting?
Personally, Anthony Pompliano did an awesome job providing valid arguments for the seemingly know-it-all Mr. Wonderful.

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.

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.

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.

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.