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TV star Kevin O’Leary: Bitcoin will always be gold, and Ethereum will always be silver

Shark Tank investor and star Kevin O’Leary told CNBC that Ethereum “will always be number two” after Bitcoin.

“Bitcoin will always be gold and Ethereum silver,” O’Leary said.

According to him, the second largest cryptocurrency by capitalization will be used as a “system for tracking and making payments.” However, the price of Ethereum is now unreasonably high for this purpose, the investor added.

On May 1, the price of the second cryptocurrency in terms of capitalization renewed its all-time high at around $ 2870. Digital gold is trading below $ 60,000.

Recall that in early March, O’Leary announced his intention to invest 3% of his assets in bitcoin. He added that he is considering investing in miners and developing “carbon-free coins.”

In early April, the TV star promised to buy only environmentally friendly digital gold.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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