Canadian millionaire investor Kevin O’Leary explains why he will never buy a spot Bitcoin ETF.
After the US Securities and Exchange Commission (SEC) approved spot Bitcoin ETFs, many important names made statements on the subject. One of them is the millionaire investor Kevin O’Leary happened.
Kevin O’Leary told Fox Business that he Currently has a Bitcoin investment and intermediary companies that you do not want to buy spot Bitcoin ETF by paying commission fees he emphasized. In the details of his statement on the subject, O’Leary completely excludes spot Bitcoin ETFs. products that are unnecessary and do not add any extra value He described it as:
If you are a purist and hold Bitcoin as digital gold for the long term like me, I will never buy an ETF. Why should I pay these fees? This is completely unnecessary and adds no value to me.
Despite all these negative statements, spot Bitcoin ETF approval positive for the cryptocurrency market Stating that this is a development, the investor argued that this will increase the interest in Bitcoin in terms of both political and cultural adoption. Despite this momentous event, O’Leary We are at the beginning of everything reminded.