Bitcoin and cryptocurrencies have damaged data this 12 months as extra buyers, notably millennials, flock into the market. The main digital forex bitcoin has managed to rally considerably this, rising to an all-time excessive of practically $8,000 and up over 500% 12 months up to now. But, one famed investor stays a little bit skeptical about the way forward for bitcoin. “Bitcoin to me isn’t a currency, it’s an asset,” Kevin O’Leary, chairman of O’Shares ETF Investments and star of ABC’s Shark Tank, informed Kitco News. “I’m undecided bitcoin is a good long run funding as a result of I don’t know what’s going to occur to it.” Instead, O’Leary stated he prefers to stay with what he is aware of. “I do know a company that makes free cash flow that pays you a dividend every quarter. To me, that is a good idea, I love my dividends.” O’Leary not too long ago launched an app known as Beanstox, which goals at attracting millennial buyers by offering fractional share possession.
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