Kevin O’Leary wrote on Twitter (translated) “Bitcoin isn’t just a coin or currency, it’s a software.”
Bitcoin is not just a coin or currency, it’s a software. Institutions like to criticize me for investing in Bitcoin, but how I see it, if you hold big positions in companies like Microsoft or Yahoo, it’s all the same.
— Kevin O’Leary aka Mr. Wonderful (@kevinolearytv) February 20, 2022
O’Leary, who called bitcoin ‘garbage’ in 2019, currently holds three percent of his total portfolio as investments in bitcoin. However, he is not the first to compare bitcoin to the stocks of large companies.
Recently, Fidelity’s Director of Global Macro Jurrien Timmer compared the rise of Bitcoin to the rise of Apple in the 90s. Last week, Fidelity International launched its first investment product that tracks bitcoin in Europe.
What matters most is where the demand curve is going, and the answer continues to be “up and to the right.” Below we see that the number of Bitcoin addresses (with a value of more than zero) continues to move higher, following a simple power regression curve. /2 pic.twitter.com/L2qplNUNxH
— Jurrien Timmer (@TimmerFidelity) February 17, 2022
Last year, Anthony Scaramucci, the founder of SkyBridge Capital, reportedly said It was that bitcoin reminds them of Facebook, Google, and Amazon.
CoinMarketCap’s accordinglyThe bitcoin price today is currently at $37,156 (approximately Rs 28 lakh).
The market cap of this coin, established in 2009, is more than $704 billion (approximately Rs 52,74,836 crore). It took just 12 years for Bitcoin to reach a record peak of $1 trillion (about Rs 74,88,050 crore) last year.
One of CryptoParrot Report In comparison, Microsoft took about 44 years to achieve a $1 trillion valuation, while Apple, Amazon and Google took 42 years, 24 years and 21 years, respectively, to achieve the same success, it said.<!–
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