Bitcoin has been making headlines all over 2021, despite the global crisis in the middle of which we are.
Now, according to the latest reports, billionaire investor Kevin O’Leary said that investors are starting to see BTC as digital property. He explained all this during an interview with Anthony Pompliano.
“Anytime people say, ‘I know the ceiling on the price of Bitcoin.’ They have no idea. It could go anywhere… When I talk to institutions, there’s a change in philosophy about their thinking, let’s just say with Bitcoin. Bitcoin used to be considered for many institutions that hadn’t owned it yet – the ones that were just looking at it as a currency – they’re not thinking that way anymore. They’re looking at it as a property,” he said as cited by the online publication the Daily Hodl.
He continued and explained that “So you would buy it the same way as a triple-A office tower in Manhattan. You buy an allocation to [Bitcoin] that you’re allowed to own. You never trade it. You own it as an asset.”
Bitcoin is a digital property
He also said the following about BTC: “You know it’s compliant. It checks the box. You own it on your balance sheet, your providence, and it’s something that you can own as property, and that’s where I think we’re going. Some percentage will still be traded. But for the big institutions coming in, this is an asset class that is a property.”
Bitcoin is surrounded by all kinds of optimistic predictions about its price these days, and mainstream adoption has also been going great.
At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $44,435.47.
Check out the video above in order to learn what more he had to say about Bitcoin.