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Last night (Sunday), Shark Tanks Kevin O’Leary “Mr. Wonderful” made an Investment In Crypto App. While we have heard Shark Tanks Robert Herjavec and Mark Cuban discuss investments in Bitcoin, Ethereum and other blockchain technology, we have seen Kevin O’Leary on CNBC Fast Money make statements something to the tune of “I just don’t know how I would invest from a regulatory standpoint” (Not Verbatim). That said, the young entrepreneur seemed to keep one three cryptos, Bitcoin, Litecoin and Bitcoin Cash. Having said that, Mark Cuban could not make the investment due to his business conflicts with his cryptocurrency app.
Yes, the young entrepreneur started off his business proposal very shaky. Above all, Mark Cuban and Robert Herjavec cheered him on telling him he is doing great. However, it did not look certain that Kevin O’Leary AKA Mr. Wonderful was interested. Furthermore, he makes his usual comments such as “This is only the most important thing in your life” (Not Verbatim). Check out the video of Mark Cuban discusses cryptocurrencies below.
Indeed, the camera points to Lori Greiner AKA The Queen of QVC, who says she is not sure the cryptocurrency is the future of online banking. After that, the founder of FUBU, Damond John says he is not interested at his time. Without only one investor left, Kevin O” Leary, the young cryptocurrency entrepreneur looks terrified.
However, Mr. Wonderful makes the crypto app owner an offer he cannot refuse. O’Leary offers one hundred thousand dollars for a fifty percent stake in the cryptocurrency mobile application. Furthermore, he says he is in the financial services industry and tells the crypto mobile app owner how expensive it is to acquire customers. Moreover, O’Leary sweetens his offer by saying that if they crypto mobile app is profitable he will invest more if the company needs cash. After thinking about the business partnership, the young entrepreneur decides to take O’Leary’s offer.
Currently, the cryptocurrency app is only offering Bitcoin Core, Litecoin and Bitcoin Cash. Furthermore, the app looks promising to people that don’t want to have too much involvement with the investment process. Moreover, the way the mobile crypto app owner explains it is “most people want to set and forget”, which is true in some cases.
Will this be the last cryptocurrency business pitch on Shark Tank this year? Probably not, despite Bitcoin and other crypto’s price coming down. It still appears that retail investors want to get in on the Bitcoin and cryptocurrency betting action.
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