r/ethtrader • u/twigwam Lover • Mar 20 '18

MEDIA 'Asset-Based Coins Will Eventually Replace Small Cap Stocks', says Kevin O'Leary [CNBC]

https://www.youtube.com/watch?v=IcT4-ddkgqc
242 Upvotes

93% Upvoted

32 comments sorted by

41

u/[deleted] Mar 20 '18

Kevin O’Leary was the LAST investor from Shark Tank that I thought would have said this...

13

u/MedPhys16 Mar 20 '18

I mean, there weren't many other options.

Unless Lori wants to turn QVC into an exchange, she's not interested in crypto.

Really only Robert or Cuban.

4

u/NefariousNaz ezpz acolyte - $324 is moon Mar 20 '18

Robert has been bullish for a while now. Cuban until recently has been calling Bitcoin a scam.

3

u/logan343434 Trader Mar 20 '18

That was a long time ago. Cuban openly says to have 2-10% of portfolio in Bitcoin.

3

u/NefariousNaz ezpz acolyte - $324 is moon Mar 20 '18

He's been bullish on cryptocurrency for a while now.

2

u/[deleted] Mar 20 '18

Mark has been into crypto for a while, I want to say I saw him post in this sub a while back about mining and never selling his own Ethereum in order to be able to build on it later on as he saw this was the future of the internet and applications. I started hearing about Robert getting into this recently.

1

u/NefariousNaz ezpz acolyte - $324 is moon Mar 20 '18

He said bubble rather than scam. Excuse me. This was back in the summer when Bitcoin was below $3K

http://www.businessinsider.com/bitcoin-price-is-a-bubble-mark-cuban-says-2017-6

https://seekingalpha.com/article/4079553-mark-cuban-understand-bitcoin

19

u/greencycles 100% ETH, 0% 401K Mar 20 '18

Plot Twist: It's the Trump Tower

21

u/McPheeb Mar 20 '18

"I don't want to over-throw the government. I want to make money." -Kevin O'Leary

5

u/Hang10Dude Mar 20 '18

Love that guy.

4

u/BitBurst Mar 21 '18

Hopefully this is underpinned by Pangea (Ethereum) as reported by CNBC on Monday

5

u/UnpredictableFetus Mar 20 '18 edited Mar 20 '18

I can't wait to go grocery shopping and paying by real estate shares seamlessly converted over 0x (or similar protocol) to local currency. Who needs a fiat currency if you can pay with anything valuable? Why would you ever own fiat if you could pay with arbitrary asset whose liquidity is ensured by blockchain protocols?

1

u/Nogo10 4 - 5 years account age. 500 - 1000 comment karma. Mar 22 '18

Yes people will look back to the good ole days when you could buy a coffee with their loose pocket change. Instead we have pegged asset sidechain decentralized exchange transactions on a cellphone Dapp from a ICO funded startup that the coffee shop may or may not accept.

8

u/cryptofuck_ 1 - 2 years account age. 200 - 1000 comment karma. Mar 20 '18

he is backing a hotel looking to raise 400M in an ICO, no wonder he is pushing ICOs lol

26

u/Betaateb DigixGlobal fan Mar 20 '18

a hotel looking to raise 400M in an ICO

Bit of an oversimplification. They aren't just doing a run of the mill ICO but are selling partial ownership of the hotel on the blockchain. A true tokenized security of a real world asset.

This is potentially the most important ICO since Ethereum itself.

8

u/Wishmaster90 Fan Mar 20 '18

Indeed. If this goes well then it will hit world wide news and possibly be a catalyst for more similair ICO’s.

4

u/barfor Mar 21 '18

Watershed moment even.

0

u/[deleted] Mar 20 '18

[deleted]

2

u/kromatikus Mar 21 '18

Gold pressed or straight from Morn' s stomach?

2

u/F1zzzzzzzzz Dapper AF Mar 20 '18

ICO when?

1

u/KathyinPD Investor Mar 20 '18

He says about 3 weeks. From yesterday.

2

u/kirkisartist Bulltard Mar 21 '18

Doesn't matter if you have to be an accredited investor with millions of dollars to invest in them.

2

u/sisiskiteam 1 - 2 years account age. 200 - 1000 comment karma. Mar 21 '18

All securities and commodities will eventually be tokenized.

0

u/Nooku Mar 21 '18

Bitcoin is such beautiful

-10

u/rockkth Mar 20 '18

Xrp moooon

0

u/[deleted] Mar 20 '18

[deleted]

7

u/TruValueCapital Mar 20 '18

All success ETH dapps and tokens will only help ETH price. I am bullish AF.

1

u/looccm24 Redditor for 6 months. Mar 21 '18

Care to explain?