Shark Tank’s Kevin O’Leary: Bitcoin ETFs have zero value to me
Kevin O’Leary, renowned investor and star of the TV show “Shark Tank,” has doubts about Bitcoin (BTC) exchange-traded fund (ETF) investments. While spot Bitcoin ETFs are viewed as a milestone for the U.S. crypto industry, O’Leary sees little value in participating in the frenzy. In a recent statement on Fox Business, O’Leary emphasized his position as a long-term Bitcoin holder and expressed skepticism about investing in BTC ETFs. He argued against purchasing ETFs, stating that as a purist and just holding Bitcoin for the long term, he would never buy an ETF, as It is completely unnecessary, and they add no value to him. One of his concerns is about the fees imposed by ETF issuers, which he perceives as lacking value for a long-term Bitcoin investor like himself. O’Leary also expressed doubt about the survival of all 11 recently approved Bitcoin ETFs by the SEC, anticipating that only a select few, notably those backed by industry giants like ...