Shark Tank star Kevin O’Leary, also known as Mr. Wonderful, has warned about regulators coming down hard on bitcoin. In addition, he says that “even if bitcoin were to go up another 2,000%, it’s completely irrelevant to institutional clients.”

Kevin O’Leary Warns of Brutal Bitcoin Regulation, Says Bitcoin Is Not an Institutional Product

Canadian investor and television personality Kevin O’Leary talked about bitcoin in an interview on Thursday with CNBC’s Squawk Box.

O’Leary was asked whether he had changed his mind about bitcoin from thinking that it was “not a real currency” to investing in it and possibly buying more. “Let me be clear … I’ve been a cryptonian for years,” the Shark Tank star replied.

Whipping out his phone, he said, “here is my bitcoin wallet. At the time, all you can get was ethereum, XRP, bitcoin, litecoin, stellar lumen, and bitcoin [cash]. I bought this at the last craze. I put $100 to work here. This morning it is worth $52.77 because not all…

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