Kevin O’Leary Slams Biden’s “Un-American” Tax Plan, Talks the Next Bitcoin Play

Stansberry Research, Released on 4/6/22

Shark Tank star Kevin O’Leary, also known as Mr. Wonderful, says regulatory policy toward cryptocurrencies will be on hold until the next general election due to the “gridlock in Washington.” Bitcoin is worth less than a trillion dollars, “which is nothing in the context of assets,” and in order for that to increase, the SEC and regulators need to rule in order for institutions to get involved, he tells our Daniela Cambone at the Bitcoin 2022 conference in Miami. The current bill being proposed, “would bring billions of dollars into the balance sheets of corporations,” O’Leary continues. He issues a dire warning about ESG policies, and asserts that the “carbon offset market is complete BS.” The new generation of crypto miners emerging will survive by using, “hydroelectricity and nuclear power,” he believes. Proof of work on how you mine cryptocurrency resources is going to, “drive efficiency in energy sources,” he concludes.

Kevin O’Leary is a Canadian businessman, investor, and television personality. From his basement, he launched SoftKey Software Products and In 1999 Kevin sold his company to the Mattel Toy Company for a staggering 3.7 billion dollars, one of the largest deals ever done in the consumer software industry. To keep his money working hard, he took control of his wealth from his lackluster money managers and founded his own mutual fund company, O’Leary Funds. He raised hundreds of millions of dollars from investors who share his “get paid while you wait” yield oriented, value investing philosophy. He is a venture capitalist on the Canadian television show Dragons’ Den as well as a shark on the United States’ version of Dragons’ Den, Shark Tank, which airs on ABC. Kevin has authored 2 books: Cold Hard Truth: On Business, Money & Life and The Cold Hard Truth On Men, Women, and Money: 50 Common Money Mistakes and How to Fix Them.

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