Fun

Kevin O’Leary Buys More Crypto, Gets Paid in Crypto, Partners With FTX Exchange

News Feed - 2021-08-12 11:08:58

Kevin O"Leary Buys More Crypto, Gets Paid in Crypto, Partners With FTX Exchange


Shark Tank star Kevin O’Leary, aka Mr. Wonderful, is increasing his cryptocurrency allocation. He is also taking an equity stake in the FTX crypto exchange and has signed a multi-year deal to become its ambassador and spokesperson. He will be paid in crypto for his services. Kevin O’Leary Increasing His Crypto Allocation


Shark Tank’s Kevin O’Leary has revealed that he is increasing his cryptocurrency allocation. He tweeted Tuesday: Finally solved my compliance problems with cryptocurrencies. I’m going to use FTX to increase my allocation and use the platform to manage my portfolios.


His tweet followed FTX Trading Ltd. and West Realm Shires Services Inc., owners and operators of FTX.com and FTX.us respectively, announcing “a long-term relationship” with O’Leary.


Mr. Wonderful will be taking an equity stake in both companies and will be “paid in crypto to serve as an ambassador and spokesperson for FTX,” the announcement details, adding: He has asked that his compensation for these services be paid in crypto assets and be managed on the FTX platform.


On Wednesday, O’Leary told gold bug Peter Schiff that the reason he is increasing his crypto allocation is because he is making money with it.


Schiff accused CNBC of relentlessly pumping bitcoin when the media network called O’Leary “a long-time crypto proponent.” Schiff claimed: “That’s a lie. He was a long-time crypto skeptic, who recently changed his tune after getting involved in crypto related companies. He’s just a paid shill.”


O’Leary responded by telling Schiff to “get over it,” adding that when facts changed, he changed. The Shark Tank star further revealed, “I’m increasing my cryptocurrency allocation because I’m making money with it. It’s that simple.”



Regarding crypto compliance, O’Leary opined: “Institutional investors struggle with the decision to invest in crypto assets, not because they don’t want to, but because they have difficulty in knowing with certainty that they will be 100% compliant with regulators and reporting requirements. I am no different.” He concluded: I want to increase my crypto exposure but also serve my compliance mandates.


O’Leary said in February that he invested 3% of his portfolio in bitcoin and ether, noting that cryptocurrencies are “here to stay.”


What do you think about O’Leary increasing his crypto allocation and his deal with FTX? Let us know in the comments section below. Soccer Giant AC Milan Seals Sponsorship Deal With Crypto Exchange Bitmex NEWS | 4 hours ago Poly Network Defi Hacker Returns a Large Fraction of Tokens, Chainalysis Evaluates Hacker"s Onchain Movements NEWS | 6 hours ago Tags in this story crypto allocation, cryptocurrency allocation, kevin o"leary, kevin o"leary bitcoin, mr wonderful


Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

Economist David Dodge Says Gold Is an ‘Antique Instrument,’ Thinks Digitizing the Canadian Dollar Is Interesting
Economist David Dodge Says Gold Is an "Antique Instrument," Thinks Digitizing the Canadian Dollar Is Interesting The economist David Dodge, the former seventh governor of the Bank
US Government Seizes Trezor Wallet With $6.3 Million in Bitcoin From Gift Card Fraud Case
US Government Seizes Trezor Wallet With $6.3 Million in Bitcoin From Gift Card Fraud Case On September 22, 2021, a U.S. district judge from San Antonio, Texas, granted a summary ju
Australia’s main stock exchange to get second spot Bitcoin ETF
Brayden Lindrea3 hours agoAustralia’s main stock exchange to get second spot Bitcoin ETFThe DigitalX Bitcoin ETF will be listed under the ticker BTXX on July 12, becoming the second spot Bitcoin ETF to be approved on t
VC Roundup: Web3 infrastructure, ‘tokenization of everything’ drawing investors
Ana Paula Pereira2 hours agoVC Roundup: Web3 infrastructure, ‘tokenization of everything’ drawing investorsFunding for crypto startups rose to over $1 billion in April, with investors focusing on tokenization, Web3 i
Is Bitcoin Headed For A Meltdown? Veteran Trader Sees 75% Crash Ahead
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Max pain $51K? Bitcoin options worth over $9.4B set to expire Friday
Zoltan Vardai7 hours agoMax pain $51K? Bitcoin options worth over $9.4B set to expire FridayThe max pain Bitcoin price is at around $50,000 as over 134,000 BTC are set to expire on Deribit on March 29.4328 Total views30
Why One Analyst Says Now’s The Time To Buy XRP—Before It Hits $14
Este artículo también está disponible en español. A few analysts say Ripple’s XRP is preparing for an explosive price action. Steph, an analyst under the “StephIsCryp
Germany’s largest federal bank to offer crypto custody services: Report
Zoltan Vardai34 minutes agoGermany’s largest federal bank to offer crypto custody services: ReportThe Landesbank Baden-Württemberg will start offering crypto custody services to institutional clients starting from the
African Fintech Startups Raised $1.45 Billion in 2022 — Sector’s Share of the Continent’s Total Funding Drops
African Fintech Startups Raised $1.45 Billion in 2022 — Sector"s Share of the Continent"s Total Funding Drops Despite seeing their share of Africa’s startup funding drop fr
Next Bitcoin Mining Difficulty Change Estimated to Decrease as Block Times Have Lengthened
Next Bitcoin Mining Difficulty Change Estimated to Decrease as Block Times Have Lengthened The last two mining difficulty changes on the Bitcoin network have driven difficulty to a
Tesla CEO Elon Musk Says Inflation Has Peaked — But We’ll Have a Recession for 18 Months
Tesla CEO Elon Musk Says Inflation Has Peaked — But We"ll Have a Recession for 18 Months Tesla CEO Elon Musk believes inflation has peaked and the U.S. economy will be in a reces
LBank Exchange Will List IX Token (IXT) on July 7, 2022
LBank Exchange Will List IX Token (IXT) on July 7, 2022 press release PRESS RELEASE. INTERNET CITY, DUBAI, Jul. 6, 2022 – LBank Exchange, a global digital asset trading platf