Ever since the launch of Bitcoin (BTC) back in 2009, the digital asset ended up facing a lot of opposition from mainstream institutions. The majority of the mainstream and traditional finance institutions were unhappy about the way the Bitcoin (BTC) platform was created.
However, with time, the situation started changing for the largest cryptocurrency in the world. Investors started investing heavily in Bitcoin (BTC) because they had finally realized the potential of the digital asset.
The year 2020 proved to be the turning point for Bitcoin (BTC) because, at the beginning of the year, BTC saw Michael J. Saylor become a hardcore proponent for Bitcoin (BTC).
Since then, Bitcoin (BTC) has managed to change the views of many people who were once against the existence of Bitcoin (BTC). These people not only started talking positively and highly about Bitcoin (BTC), but they also started investing in high volumes in Bitcoin (BTC).
For example, since the beginning of the year 2020, Michael J. Saylor has invested $100 million worth of his personal portfolio in Bitcoin (BTC). Not only his personal portfolio, but he also had his company “MicroStrategy” spent a fortune in Bitcoin (BTC).
At the time of publishing, MicroStrategy has invested more than $2 billion in Bitcoin (BTC) and its current Bitcoin (BTC) stash is over 90,000 BTC.
This time, however, BTC has compelled one of the biggest opposers of Bitcoin (BTC) in the entire history. Kevin O’Leary, who is also known by the name “Mr. Wonderful” seems to have taken a U-Turn from being bearish in BTC to being bullish in BTC.
As per him, Bitcoin (BTC) is a digital asset that is full of potential and opportunities. Despite all the ups and downs, Bitcoin (BTC) has managed to stick around and has proven that it is capable of changing the dynamics of the economy once and for all.
Kevin O’Leary, who was once a strong criticizer of Bitcoin (BTC) has now become a proponent and has stated that Bitcoin (BTC) is the digital asset that is here to stay. In the past, O’Leary had stated that he would rather invest his money in bananas than invest it in Bitcoin (BTC).
Furthermore, the billionaire had also referred to cryptocurrencies as nothing more than garbage. O’Leary stated that it has been some months that he has been paying close attention to the price fluctuation of Bitcoin (BTC). He claimed that he seems to have gotten a hang of the volatility of Bitcoin prices.
Following the recent claims made by the billionaire, O’Leary has made another revelation regarding his investments in cryptocurrencies. O’Leary has revealed that he has already invested 3% of his personal portfolio in Bitcoin (BTC) and Ethereum (ETH).