‘Shark Tank’ investor, Kevin O’Leary, has been dialling up the FUD, calling Bitcoin ‘garbage’ on CNBC’s Squawk Box. He felt the need to interject his comments during a segment discussing potential reasons for Bitcoin’s recent rally. Although it turned out his conclusion was based on a very small dataset.
O’Leary’s rant began following an interchange between two of the hosts. The female guest anchor suggested that investors moving money out of China using Bitcoin may have been one factor in the recent rally to $8000.