‘Shark Tank’ investor, Kevin O’Leary, has been dialling up the FUD, calling Bitcoin ‘garbage’ on CNBC’s Squawk Box. He felt the need to interject his comments during a segment discussing potential reasons for Bitcoin’s recent rally. Although it turned out his conclusion was based on a very small dataset.
A Normal Day Discussing Bitcoin On CNBC’s Squawk Box
O’Leary’s rant began following an interchange between two of the hosts. The female guest anchor suggested that investors moving money out of China using Bitcoin may have been one factor in the recent rally to $8000.
Co-anchor, Andrew Ross Sorkin chipped in, opining that “you hear people say they have a challenge to sometimes sell Bitcoin.” When questioned on this claim by the anchor, he modified it to only include selling Bitcoin ‘in volume’.
So far, so typical CNBC, other than the guest anchor going off message of course. But O’Leary felt he had something to add.
‘I Tried To Do Some Real Estate In Switzerland With It Once’
He went on to say…