Canadian investor and TV presenter Kevin O’Leary predicted that the market capitalization of the first digital coin could reach $ 20 trillion.
The investor noted that the cost of Bitcoin at $ 100 thousand does not seem crazy to him.
Is #bitcoin a currency? Property? An asset? Maybe all of the above, I’m going with a 3% portfolio allocation and am looking at investing in miners that can create coin under a mandate of 0 carbon so sustainably! https://t.co/qgAXZVZXzh
— Kevin O’Leary aka Mr. Wonderful (@kevinolearytv) March 1, 2021
Now the main digital coin is trading at $ 50.4 thousand, and its market capitalization is $ 924 billion.
Kevin O’Leary tweeted that he plans to invest 3% of his portfolio in cryptocurrency.
It is noteworthy that the investor was never able to decide what bitcoin is. (Also Read: Forex Trading Guide 2021: System “Inside bar and Bollinger bands”)
According to him, cryptocurrency can be an asset, property and payment instrument at the same time.
The investor urged not to buy bitcoins that were mined on Chinese mining farms, and also not to store digital coins of “bad” origin in wallets.
According to the millionaire, the best way to get cryptocurrency is to mine it yourself. He argues that it should be important for the end investor where the digital currency was mined and what kind of energy was used for this.
O’Leary himself prefers to mine bitcoin in Denmark, Canada and Iceland, where green energy is actively developing.