Shark Tank Celebrity Claims Facebook’s Libra Will Pummel Bitcoin to ‘Zero’

 
Investor and Shark Tank shark Kevin ‘Mr. Wonderful’ O’Leary has dismissed concerns raised against Facebook’s cryptocurrency Libra.

Speaking on CNBC, the avowed Bitcoin skeptic stated that Libra has the capacity to become accepted and consequently useful with effective regulation.

Stemming from this O’Leary is bullish on the social media giant’s future prospects. On the other hand, Bitcoin will die once a regulated cryptocurrency such as Libra comes along, per the Shark Tank star:

It’s [Bitcoin] going to go to zero one day when somebody brings a regulated product, which is why I’m excited about Facebook. I like their chances.

O’Leary: Libra will Survive, Bitcoin will not

Even as policymakers and politicians continue to raise concerns over Facebook’s crypto plans, the Shark Tank host revealed that he remains positive about the social media giant’s future. O’Leary revealed that his faith in Facebook stemmed from the fact that it has weathered previous storms in…