You Won’t Believe What Kevin O’Leary Thinks About Crypto—It’s Not What You Expect! 🤯

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Now, that Kevin O’Leary fellow has gone and tossed near a fifth of his whole stash into this newfangled cryptographic hullabaloo, which sounds almost as risky as betting the family mule in a horse race. He’s dabbling not just in Bitcoin, no sir, but has also got his hands in stablecoins—which, far as I can reckon, is just a coin with its training wheels on. Besides that, he’s scattered gold dust over shares in some outfits named Coinbase, Robinhood, and WonderFi. (Don’t ask me if WonderFi is a magic show or a financial contraption, because I’ve lived long enough to know it’s probably both.) He made a point, with the air of a man revealing how to find the Mississippi’s source, that excitement and unpredictability are good as steamboats for making a buck: “No matter if crypto rides high or sinks low—the fellers running the stock market get their cut. That’s the real trick.”

Among the shiny things in his care, O’Leary crowed about USDC, yielding a dainty 3.82%—better than burying your money in the bank and waiting for the worms to find it. Seems he’s also got a piece of Circle, the fine folks who manufacture this USDC coin—so he collects money from both ends, like a toll booth in a rush hour. For this whole adventure, he says he won’t put more than 5% on a single horse, and not more than 20% on one trail, even if that trail points to the land of crypto riches.

Skeptical of ETFs, Bullish on Regulation

O’Leary looked at those big, shiny Bitcoin ETFs—drawing in $115 billion like a riverboat loads freight—and said, “Why bother paying someone to hold the gold pan, when I can wield the pan myself?” In other words, he’d rather buy Bitcoin straight than pay someone to buy it for him. Makes sense unless you’re fond of paying tolls to cross your own backyard.

O’Leary says if crypto wants an invite to the grown-ups’ table (where the real money sits, chewing on cigars and reminiscence), the rulebook needs fixing. There’s a heap of cash waiting in the wings—“trillions,” he says, in the kind of way that lets you know it’s more zeroes than even a banker can picture—but not a nickel will budge until the lawmen set up shop. He’s mighty hopeful about some new stablecoin law cooking in Washington, and claims it could flip the crypto world upside-down—or at least, right-side-up for a change. 🚂💰

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2025-05-03 13:21