Investor, entrepreneur, Shark Tank star Kevin O'Leary said in a tweet that Bitcoin is not just a coin or cryptocurrency; it's a software. He answered the institutions that criticize him for investing in BTC, that for him it's completely the same, to invest in BTC or to own large shares in tech companies such as Microsoft or Yahoo.
Related: Kevin O'Leary promises to increase investment in digital assets
Bitcoin is not just a coin or currency, it’s a software. Institutions like to criticize me for investing in Bitcoin, but how I see it, if you hold big positions in companies like Microsoft or Yahoo, it’s all the same.
— Kevin O'Leary aka Mr. Wonderful (@kevinolearytv) February 20, 2022
In an earlier interview with Stansberry Research, the entrepreneur said that he expects BTC price to go up to $300.000 when more institutions get in. He finds that this progress will happen after the US regulators rule on the crypto space, which he believes will take place in the following two or three years.
Kevin O'Leary talked about Bitcoin mining saying he partners with the companies focused on clean crypto mining. He finds that using hydroelectricity is the answer to Bitcoin mining problems.