Kevin O'Leary: Already holding Bitcoin, so will not purchase physical Bitcoin ETF
On January 14th, Kevin O'Leary, a well-known investor, stated that he would "never buy" the newly approved physically-backed Bitcoin ETF because he already holds Bitcoin and does not want to pay additional fees. However, he mentioned that the launch of physically-backed Bitcoin ETFs demonstrates progress in the cryptocurrency industry. Despite the approval of 11 Bitcoin ETFs by the U.S. SEC, he does not believe that all of these ETFs will survive in the long term. "I bet giants like Fidelity and BlackRock will eventually come out on top because they have massive sales teams."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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