Businessman Kevin O’Leary, who seems on the truth TV present Shark Tank, appears to be backing away from statements he made in December indicating he may buy extra Bitcoin.

In an episode of his YouTube sequence launched at the moment titled “Why I am NOT Investing in Bitcoin,” O’Leary spoke to Bitcoiner Anthony ‘Pomp’ Pompliano and known as Bitcoin (BTC) a “big nothing burger” when it comes to its worth as an asset. He argued he can be unable to make “a big transaction” utilizing the crypto asset due to inconsistent regulatory frameworks the world over.

“I take a look at the asset worth of Bitcoin versus the asset worth of all issues traded and Bitcoin continues to be a nothing burger — an enormous nothing burger,” stated O’Leary. “The rationale I might argue that that is the case is you do not have each establishment keen to play ball with it.”

The Shark Tank star isn’t fully in opposition to Bitcoin nonetheless. He appeared on an episode of Pomp’s podcast in December and revealed that he already owned some BTC and may take into account investing wherever from 1% to 2.5% of his portfolio into the crypto asset in future. In his YouTube video at the moment, the businessman alssaid Bitcoin had the potential to grow to be “one thing of great worth” if regulators in several nations had been to get behind digital property:

“If there was an try to both take Bitcoin itself or another foreign money […] that might be traded in every single place with the regulator agreeing to it and can be agnostic — in different phrases, you could possibly commerce it to purchase property in Switzerland, commerce it to purchase property in France, or in England, or in america […] all people would take that digital foreign money.”

O’Leary is understood for arising with colourful however important nicknames. He has beforehand referred to digital property as “crypto crap” and Bitcoin as “not an actual foreign money” and a “rogue foreign money.”