“Bitcoin will all the time be the gold, Ethereum will all the time be the silver,” mentioned the Shark Tank star.
Amid the worth of Ether reaching an all-time excessive this week, businessman Kevin O’Leary nonetheless believes Bitcoin will keep on prime of the token.
Talking to CNBC yesterday, the Shark Tank star mentioned Ether (ETH) was “all the time going to be quantity two” to Bitcoin (BTC) regardless of the token reaching an all-time excessive value of greater than $2,600 on the time of the interview, and greater than $2,700 on the time of publication. The value of Bitcoin, however, has been risky in April, rising to a brand new all-time excessive of greater than $64,000 whereas later falling below $50,000.
O’Leary mentioned Ether was extra seemingly for use as a “monitoring and fee system” however the value of the token made it too costly for that function for the time being. He identified that institutional traders transferring in on Bitcoin will be the driving drive behind the crypto asset hitting all-time excessive costs this yr, including:
“Bitcoin will all the time be the gold, Ethereum will all the time be the silver.”
The Shark Tank star mentioned he had owned crypto since 2017, asserting final month that he could be allocating 3% of his portfolio into Bitcoin. Nevertheless, he has beforehand referred to digital belongings as “crypto crap” and Bitcoin as “not an actual foreign money.”
As well as, O’Leary has been a proponent for sustainable crypto mining, arguing in opposition to “blood cash,” i.e. cryptocurrencies unethically mined, which incorporates some in China. He has mentioned his crypto investments would solely embrace “clear” Bitcoin “below a mandate of 0 carbon.”
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