Bitcoin Analyst Destroys ‘Mr. Wonderful’ After Shark Tank Star Bashes Crypto
By CCN: When it comes to ignorant allegations about bitcoin, Shark Tank’s Kevin O’Leary took the cake this week, managing to hit every wrong button in trying to bash the suddenly-resurgent cryptocurrency.
Kevin O’Leary: Bitcoin a ‘Scam’ & ‘Total BS’
O’Leary, also known as “Mr. Wonderful,” tried to debate bitcoin enthusiast Anthony “Pomp” Pompliano on CNBC’s SquawkBox Tuesday. The co-founder and partner at Morgan Creek Digital crushed him like a cockroach, which is precisely what O’Leary calls entrepreneurial hopefuls’ ideas when he viciously shoots them down.
In bashing bitcoin, O’Leary dug deep into his bag of insults, lambasting it as a “digital game,” a “scam,” and “total BS.”
He said to Pompliano:
“Where is the value in owning bitcoin as an asset class? Tell me why this, which is basically a digital game, has any intrinsic value. And where is the long-term value? Just this idea that they’re going to cut the number of units in half is just a scam. That’s just total BS.”
Pompliano tried to bring O’Leary up to speed, but the reality television star kept interrupting him, which could explain his ignorance on the space.
