Bitcoin has changed dramatically over the last 60 days, TV show Shark Tank’s Kevin O’Leary said on CNBC’s “Fast Money”. The Canadian businessman also added that Bitcoin is a “Pioneer with arrows in it’s back” on CNBC’s “Fast Money”.
O’Leary believes that Bitcoin might go down since the coin has paved way for the other popular coin, Ethereum and says that it could have the potential to “becoming the new platform”. Further adds, he would have to start to worry if he would have heavily invested in Bitcoin.
He also briefly mentioned the topics related to large investors, bankers and Wall Street entering the market. He said, “The regulators aren’t on board yet, and we have to wait until that happens because at the end of the day you need to know if it is transparent, compliant, and the regulators are on board and then you’ll see real money.”
— CNBC’s Fast Money (@CNBCFastMoney) July 16, 2018
Only time will say how things turn for the top two crypto coins. Currently, Bitcoin (BTC) is trading at $6,722, with a market cap of 115 billion, while Ethereum (ETH) is trading at $ 474, with a market cap of 47 billion.
In other news, Ethereum spambots have been running rampant on Twitter and other social media platforms. The microblogging site, Twitter, especially seems to be crawling with these crypto Ponzi schemes. Earlier this month, Washington Post reported that the microblogging site had deleted over 70 million fake accounts. But it doesn’t seem like the Twitter purge has helped control the situation!
Recently, the CEO of Tesla, Elon Musk tweeted about these Twitter scambots, which incited a response from the Ethereum founder. Vitalik Buterin, in response to Elon Musk’s tweet, appealed to the founder of Twitter to help fight these scambots.
Image via Shutterstock
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