Shark Tank’s Kevin O’Leary has a very weird Environmental explanation as to why he’s buying Bitcoin – March 4, 2021,🤯
So, for once, I’ve heard a coherent argument as to how and why Bitcoin can be considered an asset when giving his explanation and relationship to Bitcoin, Shark Tank investor Kevin O’Leary who has a Net worth that exceeds $400 million gave his break down as to why Bitcoin is an asset.
Shark Tank’s Kevin O’Leary explains in the video below that the mining process of Bitcoin is very important to him, which I found to be very odd, however, I was able to compare Kevin O’Leary’s explanation of Bitcoin to that of a Blood Diamond.
In the movie Blood Diamond, the entire movie revolved around how the Diamonds were being brought to the Western markets. But what was never explained to me was what happens to the blood diamonds after it was discovered that they’re blood diamonds? Does some entity hoard them? are they instantly destroyed, what happens to these blood diamonds after the fact?
With that said, based on Kevin O’Leary’s explanation of Bitcoin it almost sounds like Bitcoin is going to have to have an auctioning-off process? Because according to Kevin O’Leary’s he will employ a prejudice when he purchases and hoards Bitcoin.
My head explodes when I think about what I think about Kevin O’Leary’s explanation of Bitcoin because Bitcoin is not a physical asset, it’s a digital asset, and what comes to mind when I think of Kevin O’Leary’s explanation of Bitcoin are Blood diamonds and auctions.
If how Kevin O’Leary’s explanation of Bitcoin stands, we’d better stop looking at the market price of Bitcoin, because according to Kevin O’Leary all Bitcoin are not made equal.
Should all Bitcoins be viewed in a similar manner as Numismatic coins?
Interesting times ahead!