😆 ANOTHER IDIOT ON THE CRYPTO ROAD 😆
'Mr. Wonderful' Kevin O'Leary calls bitcoin 'garbage' in a takedown of the whole cryptocurrency industry.
"To me, it's garbage, because you can't get in and out of it in large amounts."
That's because the receiver of the cryptocurrency wants some guarantee of its value, he explained.
He ran into this when he tried to use bitcoin to buy Swiss real estate and was unsuccessful.
"Let's say you want to buy a piece of real estate for $10 million in Switzerland," said O'Leary, known as "Mr. Wonderful."
"They want a guarantee that the value comes back to the U.S. currency," he added. "You have to somehow hedge the risk of bitcoin. That means it's not a real currency. That means the receiver is not willing to take the risk of the volatility it has. It's worthless."
Bitcoin has been on a tear since the start of the year, with its value increasing more than 120%. On Tuesday morning, the cryptocurrency topped $8,325, according to data posted on the website CoinDesk.
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the world of crypto assets is very complex and we see constant statements, for example this is interesting and quite nutritious I will continue to investigate to see what happens, thank you very much for sharing again on the platform believing in it. My respects.
There are platforms in the world of technology that are always going to carry the title: “The First”
Bitcoin is the first cryptocurrency, CryptoKitties is the first digital art platform on the Blockchain, STEEMIT is the first Social Media Platform on the Blockchain as well.
I believed in it since the first time I read its white paper.😊
Can’t get in and out of it in large amounts? Does this guy live under a rock? LOL... With OTC desks you can get in and out in literally any amounts you need to 🤣
He is a dinosaur.
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hahahha we should make a list of these garbage people lol
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