Robert Herjavec, Multi-millionaire co-host of ABC’s “Shark Tank,” stated Bitcoin (BTC) is at the moment valued at solely a fraction of its long-te
Robert Herjavec, Multi-millionaire co-host of ABC’s “Shark Tank,” stated Bitcoin (BTC) is at the moment valued at solely a fraction of its long-term potential.
“I feel the worth of Bitcoin, on a long-term foundation, will quantuple, if that’s a phrase,” Herjavec advised Kitco Information in a Feb. 25 interview.
Herjavec likes digital funds
After talking on gold, expressing that he’s not a “large believer” within the treasured steel on the investing aspect, Herjavec stated he favors the way forward for the digital fee sector, naming Bitcoin particularly.
“Customers, over the long term, all the time go to comfort, and Bitcoin is simply comfort,” Herjavec stated.
He confused Bitcoin with all the crypto house
The Shark Tank star did, nonetheless, seem to confuse the time period “Bitcoin” with the cryptocurrency house as a complete. “A part of the problem with Bitcoin is — there is no such thing as a one Bitcoin,” he stated.
“You should purchase several types of Bitcoin, and I feel it’s a little bit of a fragmented trade,” he added, doubtless referring to all cryptocurrencies. “The minute you will have a JP Morgan Chase, or you will have a big institutional firm getting behind it, then that world will change.”
These will not be Herjavec’s first public feedback on the asset class. In February 2018, the millionaire additionally expressed positivity towards BTC, saying the asset is “right here to remain.”
Shark Tank co-host Mark Cuban has additionally commented on Bitcoin many instances, most just lately calling the coin a collectible fairly than a secure monetary asset.
Cointelegraph reached out to Herjavec for extra particulars, however obtained no response as of press time. This text can be up to date accordingly ought to a response are available in.