Words have power, and what you say or affirm at any given moment can be a very dangerous weapon when you least expect it, and a recent example that illustrates it perfectly, is nothing more and nothing less than a famous skeptic of cryptocurrencies and especially bitcoin. This is Mr. Wonderful, the incomparable Kevin O'Leary one of the judges of my favorite shows Shark Tank.
This is shocking news, because if you look 6 months ago you will find a skeptic signed against cryptocurrencies, but now the situation has taken a big turn and Mr. Wonderful has been openly in favor of cryptoassets especially bitcoin, where he has mentioned that he has allocated 3% of his wallet to buy bitcoin.
The case of Kevin O'Leary is special as I already mentioned, because on many occasions he has shown his discontent for cryptocurrencies and has called them in different derogatory ways: crypto junk, currency that is not real or fraudulent currency, a big worthless nothingburger and that very soon its value would fall to 0. But we know that this is the most common for, since the great misinformation and exaggeration of certain negative aspects of cryptocurrencies As for example their high volatility or their use by people to perform criminal acts because they cannot be traced, make many people think very well the idea of investing in bitcoin and promote it.
But something that Mr. Wonderful did not know (also many people) is that no matter who you are or how much money you own, If banks or governments feel like taking your money or make many regulations, well they will do it without making any distinction, and of course no one wants to lose all their money That is why they look at cryptocurrencies with different eyes, as it is a viable solution. Also another determining factor is that as he himself said about the companies in which he invests and also in the economy in general, it is going through a time of stagnation or recession, but it is very different from what we see that the cryptocurrency market, which is booming and increasing every day.
Therefore, all those accusations that were once made by skeptics are being retracted and they are buying bitcoin or other cryptocurrencies, a quite prominent example of the new cryptocurrency friendly policies is one of the most important financial companies in the United States JP Morgan Chase, which has recommended to its investors to have at least 1% of their portfolio invested in bitcoin or other cryptocurrencies, to protect themselves from the fluctuations of traditional markets and inflation in the economy.
Now back to Mr. Wonderful, why is it a big deal for the Crypto Market to have someone like Kevin O'Leary recommend using bitcoin and also show his involvement? Because just like PayPal, mastercard, Tesla and microstrategy they are companies or individuals that dominate the market and move the masses in the direction they want to go. They also have a very large wallet to invest a significant amount in cryptocurrencies.
Kevin O'Leary has an approximate net worth of over $400 million, and even though what he has invested in bitcoin is nothing compared to other big investors buy or transactions made daily with bitcoin, but what Kevin can achieve with this investment is that other people who see his advice and admire him, dare to take the same steps. but wait! here comes the wisdom that each of us should have when investing in cryptocurrencies because it is true that they are volatile and that the market fluctuates quite a lot but it is an excellent investment because if people like Mr. Wonder are investing in bitcoin it gives us a good sign of what is to come and also gives us a warning that if we do not take a stand now it will be too late later.