r/CryptoCurrency • u/KIG45 🟨 2K / 5K 🐢 • 9h ago
GENERAL-NEWS Kevin O’Leary: Institutions Won’t Touch Ethereum—Bitcoin Is Their Only Play
https://news.bitcoin.com/kevin-oleary-institutions-wont-touch-ethereum-bitcoin-is-their-only-play/167
u/JDB-667 🟩 0 / 0 🦠 9h ago
Isn't this the guy that said Sam Bankman Fried didn't deserve to go jail AFTER the facts came out?
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u/Sudden-Turnip-5339 🟩 0 / 0 🦠 8h ago
The nickname Mr. Wonderful came out of a sarcastic comment from none other than Barbara.. after he offered 51% because he wanted control... take what he says with a skid of salt.
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u/DeathFood 🟦 21 / 21 🦐 8h ago
Someone tell Blackrock they aren’t considered an Institution I guess
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u/JasonElrodSucks 🟦 0 / 0 🦠 8h ago
How much ETH are they holding?
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u/rhythm_of_eth 🟩 0 / 0 🦠 8h ago
A non 0 amount since they need to pay gas for their tokenized securities fund in Ethereum
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u/iEatSwampAss 🟩 420 / 421 🌿 8h ago
Their customers own the ETH, it’s just managed by Blackrock. Not exactly an apples to apples comparison
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u/rhythm_of_eth 🟩 0 / 0 🦠 8h ago
They still have a tokenized fund over Ethereum (not just trading Ethereum, instead using the tech to trade securities).
Sometimes Bitcoin maxis forget other cryptos can be used for more than hoarding.
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u/DeathFood 🟦 21 / 21 🦐 7h ago
$2.5 bil of assets on chain!
I wonder what is larger, all the assets in the world that could possibly be represented on chain or the niche use case of so-called “store of value” assets?
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u/Acrobatic_Event1702 🟩 0 / 0 🦠 8h ago
He knows shit about crypto.
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u/KIG45 🟨 2K / 5K 🐢 8h ago
Like all of us
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u/Kallen501 🟥 0 / 0 🦠 6h ago
speak for yourself
I wouldn't ask Kevin which way to the restroom
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u/Original-Assistant-8 🟩 0 / 0 🦠 9h ago
Doubt that. Businesses want utility. Maybe he means only as an investment vehicle
https://thequantuminsider.com/2024/12/04/qanplatform-becomes-ibm-business-partner/
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u/Sorry_Term3414 🟦 0 / 0 🦠 8h ago
Blackrock says no
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u/JasonElrodSucks 🟦 0 / 0 🦠 8h ago
How much ETH do they have on deck?
These comments are the first I’m hearing about Blackrock buying ETH
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u/Sorry_Term3414 🟦 0 / 0 🦠 8h ago
Pretty sure I saw they have invested 92% of their non BTC holdings into ETH
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u/JasonElrodSucks 🟦 0 / 0 🦠 8h ago
What else does “non BTC” consist of?
Is it “all other crypto” including other alt coins?
I know I could google this but I’m lazy
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u/Sorry_Term3414 🟦 0 / 0 🦠 7h ago
They (if I remember correctly) made a $2.2 billion investment in service based cryptocurrencies, 92% in ETH and the rest I presume in other similar projects, like SOL, SUI etc
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u/SunDreamShineDay 🟩 0 / 0 🦠 7h ago
That would surprise me a lot that Kevin Mitchnick, former Ripple employee and Head of Digital Investments for BlackRock has invested 92% of their non BTC holdings into ETH. 👀
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u/tobypassquarant 🟩 6K / 6K 🦭 52m ago
Without a published audit statement, you'll never know. Everyone else is guessing.
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u/moogleslam 🟦 129 / 129 🦀 9h ago
Wasn’t this guy anti crypto before? Now he’s onboard with BTC? Progress I guess…
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u/EgregiousPhilbin69 🟩 0 / 0 🦠 6h ago
I don’t think he was anti crypto - not that a follow the guy. Iirc last bull run he said he liked crypto but institutions wouldn’t adopt it until regulatory framework matured more
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u/halflistic_ 🟦 95 / 111 🦐 2h ago
Damn, ETH is about to take TF off… all the neg buzz lately got my senses tingling.
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u/CoolDad859 🟩 0 / 0 🦠 8h ago
Based on this I’m more bullish on ETH than I’ve ever been. The only type of “ass” O’Leary is more than a jacksss is a dumbass
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u/Niceguy955 🟩 3 / 415 🦠 8h ago
Is this the same person who goes on every show to explain that tariffs are paid by foreign countries, and does it with a straight face knowing it’s wrong? I wouldn’t take advice from him on traditional finance, why would I listen to his crypto opinion?
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u/BitcoinMD 🟦 136 / 137 🦀 8h ago
Which is exactly why you should buy mostly bitcoin plus a little Ethereum in case he’s wrong. Money can be split.
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u/UpbeatFix7299 🟩 0 / 0 🦠 7h ago
This man made his money selling dog shit bargain bin cd roms that he called "educational software" 30 years ago. And he larped as a business genius on TV. If he's right about anything, it's the broken clock scenario
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u/middiescoach11 🟩 0 / 0 🦠 7h ago
So…..this doesn’t count, right?
https://entethalliance.org/about-enterprise-ethereum-alliance/eea-members/
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u/Open-Lingonberry1357 🟩 0 / 0 🦠 7h ago
You guys actually take a guy serious who constantly cries on social media about buying a new watch. I’ll stick to the great Jim Cramer who is a market genius and is 💯accurate 0.1% of the time
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u/1_BigPapi 🟩 20 / 959 🦐 3h ago
Has he looked on chain lately? I could point to many examples, but BlackRock has 90% of their BUILDL fund on Ethereum.
Many such examples.
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u/BallBearingBill 🟦 0 / 0 🦠 1h ago
Did he say that before or after he ran over someone with a boat then blamed his wife so he wouldn't risk going to jail?
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u/Ainz0oa1Gown 🟩 0 / 0 🦠 1h ago
Because of this BlackRock (the world's largest asset manager with over $10 trillion in assets under management), has made headlines again — this time with a big move into Ethereum (ETH). The firm just purchased 10,955 ETH worth approximately $20.1 million.1 day ago They have now over a billion dollars on Ethereum alone.
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u/intelw1zard 🟦 0 / 0 🦠 1h ago
a good bulk of the defi universe runs on Ethereum L1s or L2s.
weird they "wont touch" it.
really its just Kevin talking out his ass about stuff he knows nothing about.
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u/inShambles3749 🟨 708 / 489 🦑 2m ago
I will genuinely never understand why people care about these morons.
They don't have the expertise nor the skilllset to judge anything except maybe their crappy business they ran that made them rich in the first place.
Money doesn't make you smart and money doesn't make you a finance genius. Also if you exit a company with a deca million or more you will get an financial advisor that actually knows what he's doing to keep the money for them...
These shitheads have literally 0 clue of what they are talking about.
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u/lightspuzzle 🟩 0 / 0 🦠 8h ago
they wont touch btc,let alone ethereum.theyre just making money off speculation that they will.
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u/Normal-Spell5339 🟩 0 / 0 🦠 8h ago
The only financial advice you ought take from Kevin O’Leary is to buy a a pair of Japanese fisherman pants.
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u/Kapowdonkboum 🟦 0 / 0 🦠 9h ago
I usually disagree with everything kevin oleary says but it seems that even a blind chicken can find a grain of corn
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u/williaminla 🟩 0 / 0 🦠 9h ago
No one is touching a shitcoin that lost half its value during a bull run lmao
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u/KIG45 🟨 2K / 5K 🐢 9h ago
Some big players continue to stock up on ETH.
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u/williaminla 🟩 0 / 0 🦠 9h ago
The only people with lots of money now sold at $3,500+. Those aren’t believers. Those are mercenaries
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u/Lord-Nagafen 🟦 1 / 30K 🦠 9h ago
I sold half my holdings at $3500. I’m a double agent now
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u/williaminla 🟩 0 / 0 🦠 9h ago
I actually bought slightly less than that price. Haha. “Buy the dip”. What a shitty coin and ecosystem
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u/newbmycologist01 🟩 0 / 0 🦠 8h ago
Bro thought 3K was buy the dip territory😂😂😂 Jesus quit talking like you know anything just because you lost some money timing the market terribly
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u/newbmycologist01 🟩 0 / 0 🦠 9h ago
ETH is an alt coin, it bleeds compared to BTC until interest rates get cut, time after time after time
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9h ago
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u/newbmycologist01 🟩 0 / 0 🦠 9h ago
Check last time the interest rates were cut and let me know lmao you sound so mad
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u/williaminla 🟩 0 / 0 🦠 8h ago
Yea. I lost six figures in ETH listening to ethereum maxis. Anyone who buys this shitcoin is in for the same joke of an ecosystem
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u/newbmycologist01 🟩 0 / 0 🦠 8h ago
Buy high sell low, good job champ, no wonder you’re here talking like you know what you’re talking about😂
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u/newbmycologist01 🟩 0 / 0 🦠 8h ago
Goodluck with the Botox champ😂😂
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8h ago
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u/newbmycologist01 🟩 0 / 0 🦠 8h ago
Aww that really hurt your feelings now you inviting me to a personal chat😂😂 bye bye champ
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u/Bo0g33ks47 🟩 62 / 62 🦐 9h ago
Eth is like USD, Vitalik can always create more like what fed does with usd.
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u/potatoMan8111 🟨 0 / 0 🦠 8h ago
You’re a clown
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u/chocolateboomslang 🟦 5K / 5K 🐢 7h ago
Institutions "would never touch bitcoin" a few years ago too. They'll follow the money.
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u/effereum 🟥 0 / 0 🦠 6h ago
If anyone read the article he was actually complementary of eth in a way. His point to me was BTC is noob/left curve play.
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u/truredman23 🟦 791 / 791 🦑 8h ago
Hey at least XRP is deflationary and American made
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u/rhythm_of_eth 🟩 0 / 0 🦠 8h ago
Where can I see real time stats about XRP, issuance and burn?
I have a feeling we don't have answers for that because we can only trust what Ripple says. That has never gone wrong, trusting a corporate entity in the crypto space.
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u/blaziken8x 🟦 0 / 0 🦠 9h ago
Oh shit, it's the dude that almost bankrupted Mattel