Kevin O'Leary Says He Likes To Bet On Crypto As Well As The Underlying Infrastructure: 'Why Wouldn't You Own The Entity That Mines Bitcoin?'

Benzinga12-03

Kevin O’Leary, renowned investor and “Shark Tank” star, highlighted the significance of investing not only in cryptocurrencies like Bitcoin (CRYPTO: BTC) but also in the underlying infrastructure that...

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You can mine Bitcoin, you can mine Ethereum, or you can build a data center, or build an AI compute. It doesn’t matter,” he stated.\nBitzero, which provides sustainable power generation for data centres to support high-performance computing and mining activities, started trading last month on the Canadian Securities Exchange.\nSee Also: Investor Kevin O’Leary Says Credit Cards Aren’t ‘Evil’— But Dave Ramsey Warns They’re A Snake That’ll ‘Bite Your Freaking Head Off’\nO’Leary has been a known investor in cryptocurrency infrastructure companies, including Circle Internet Group Inc. (NYSE:CRCL), Coinbase Global Inc. (NASDAQ:COIN), and Robinhood Markets Inc. (NASDAQ:HOOD).\nBenzinga Edge delivers real-time stock alerts, trade ideas, and professional investing tools to help you navigate the market. Find out more about these stocks here.\nHe has also talked about the importance of power in the AI and cryptocurrency sectors. Earlier in the week, he dismissed the idea of an AI bubble, arguing that the real threat to the AI boom is the scarcity of electricity.\nO’Leary previously stated that owning only Bitcoin and Ethereum (CRYPTO: ETH) is enough to capture 97.5% of all the cryptocurrency market’s \"alpha.\"\nPrice Action: At the time of writing, BTC was exchanging hands at $92,962.55, up 6.87% in the last 24 hours, according to data from Benzinga Pro.\nRead Next: \nPeter Schiff Says Bitcoin Value ‘Purely Subjective,’ Unlike ‘Objective’ Gold, Economist Says BTC Has No ‘Utility’ Beyond Belief — Draws Fire\nDisclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.\nPhoto Courtesy: Kathy Hutchins / Shutterstock.com","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2588013244","isCrawlerRequest":true}