On 12/24 the investor, Kevin O'Leary, was interviewed by "CBDC". When asked about his views on Bitcoin, O'Leary relentlessly cracked down on Bitcoin. He said that Bitcoin has nothing to do with financial markets and will be severely cracked down on by regulators in the future.
O'Leary said that he tried to invest, then took out his phone to open the encrypted wallet. He told the host that he bought a basket of cryptocurrencies for $100 in the recent bull market, including Ether (ETH), Ripple (XRP), Litecoin (LTC), Stellar (Stellar), and Bitcoin Cash (BCH) The current value is approximately US$52.77.
Olly said that despite his best efforts, he does not believe that cryptocurrency is an institutional financial product. In addition, he said: “Even if Bitcoin rises by 2,000%, it has nothing to do with institutional customers.”
Olly mentioned that in the operation of financial markets, most people can only follow the rules of regulatory agencies. As the world is crazy about Bitcoin, it should be pointed out that Bitcoin is actually parallel to the financial market. .
In addition, he personally stated that when talking with institutional investors of sovereign funds, they have no interest in cryptocurrencies. The biggest reason for institutional investors' reluctance to invest is the uncertainty of future regulation.