{"id":118691,"date":"2021-03-27T20:46:21","date_gmt":"2021-03-27T20:46:21","guid":{"rendered":"https:\/\/precoinnews.com\/?p=118691"},"modified":"2021-03-27T20:46:21","modified_gmt":"2021-03-27T20:46:21","slug":"kevin-oleary-btc-has-changed-quite-a-bit","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/kevin-oleary-btc-has-changed-quite-a-bit\/","title":{"rendered":"Kevin O'Leary: BTC Has Changed Quite a Bit"},"content":{"rendered":"

Kevin O\u2019Leary \u2013 aka Mr. Wonderful on \u201cShark Tank\u201d just keeps changing his mind on bitcoin. Not that there\u2019s anything wrong with that, but he suggests he\u2019s able<\/em> to change his mind considering how accepting society has become of the world\u2019s number one digital currency by market cap.<\/p>\n

O’Leary Felt He Couldn’t Talk About Bitcoin in the Past<\/h2>\n

In a recent interview, O\u2019Leary commented that at one point in time, it was rather difficult to like bitcoin or admit one liked it considering BTC was so new and up in the air. It was considered almost taboo to say that you saw any potential in it. Thus, when he decided to invest in both bitcoin and its primary competitor Ethereum back in 2017, he chose to keep the news quiet.<\/p>\n

For the most part, things remained as they were over the next three years, though in 2020, thanks to the battering of global economies when the coronavirus hit, bitcoin and crypto suddenly began taking on new form. The currency\u2019s primary reputation as a speculative asset was being replaced. It was now being viewed as a hedge tool; something that could keep one\u2019s wealth steady during times of strife.<\/p>\n

Naturally, everyone wanted a piece of the action, and people began investing in bitcoin like there was no tomorrow. New accounts were being created every day, and bitcoin\u2019s price began shooting through the roof. One minute, it was at $9,000. Then $12,000. Then $15,000, then $20,000 until finally, just a few weeks ago, bitcoin reached a new all-time high of roughly $61,000 per unit.<\/p>\n

To say that the asset has come far in the past year would be an understatement. Bitcoin has set a whole new precedent for investing, and now people like O\u2019Leary have much more confidence about the world of digital assets. However, there are still a few issues that get in the way. For example, O\u2019Leary brings up a valid point in that it\u2019s not always clear where bitcoin was mined. While we can typically tell when<\/em> it was created, the place is a whole different ballgame.<\/p>\n

This creates a problem in that the BTC one holds may have come from unnatural sources. Perhaps coal or fossil fuel was used to mine the crypto in question. Unrenewable energy sources were at work, which creates an unsustainable atmosphere.<\/p>\n

Now, O\u2019Leary \u2013 prior to buying new bitcoins \u2013 is quick to reach out to mining companies and strike deals with them. He\u2019ll invest in their companies granted they\u2019re clear on where the BTC is mined. He also earns financial rewards in what he calls \u201cvirgin bitcoin,\u201d which are new units of the asset and there are no questions regarding how or where it came about.<\/p>\n

Keeping Things Truthful<\/h2>\n

He comments:<\/p>\n

\n

Maybe the virgin coin with proof of where it was actually made is going to be more valuable than blood coin in China.<\/p>\n<\/blockquote>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Kevin O\u2019Leary \u2013 aka Mr. Wonderful on<\/p>\n","protected":false},"author":3,"featured_media":118690,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nKevin O'Leary: BTC Has Changed Quite a Bit - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/kevin-oleary-btc-has-changed-quite-a-bit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kevin O'Leary: BTC Has Changed Quite a Bit - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Kevin O\u2019Leary \u2013 aka Mr. Wonderful on\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/kevin-oleary-btc-has-changed-quite-a-bit\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-27T20:46:21+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/03\/ccryptafotoabc-sharktank.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/kevin-oleary-btc-has-changed-quite-a-bit\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/kevin-oleary-btc-has-changed-quite-a-bit\/\",\"name\":\"Kevin O'Leary: BTC Has Changed Quite a Bit - 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