Summary List Placement
Famed investor Kevin O’Leary called bitcoin the “granddaddy” of digital assets and explained why he thinks governments will be unable to ban cryptocurrencies, speaking in a “Bitcoin Magazine” podcast with hosts David Zell and Matt Odell on Tuesday.
The “Shark Tank” co-host, who is a major shareholder in a new DeFi investing company, also spoke about bitcoin’s move to becoming ESG-friendly and what the tipping point for institutional adoption will be — and how that could help its price eventually skyrocket.
Here are 10 highlights from O’Leary’s interview, lightly edited and condensed for clarity:
1. “I’m never going to sell it, I’m not going to trade it. I’m going to own it, and I anticipate it will appreciate over time and probably beat the S&P 500 index.” — on considering bitcoin as property, not currency.
2. “I’m not going to try and trade in and out of price adjustments. I’m going to…