RATE Group | Shark Tank’s Robert Herjavec Says Bitcoin’s Price Will ‘Quantuple’ Long-Term
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Shark Tank’s Robert Herjavec Says Bitcoin’s Price Will ‘Quantuple’ Long-Term

28 Feb Shark Tank’s Robert Herjavec Says Bitcoin’s Price Will ‘Quantuple’ Long-Term

Posted at 01:14h in Cryptocurrency News by

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Robert Herjavec, Multi-millionaire co-host of ABC’s “Shark Tank,” said Bitcoin (BTC) is currently valued at only a fraction of its long-term potential.

“I think the price of Bitcoin, on a long-term basis, will quantuple, if that’s a word,” Herjavec told Kitco News in a Feb. 25 interview.

Herjavec likes digital payments

After speaking on gold, expressing that he is not a “big believer” in the precious metal on the investing side, Herjavec said he favors the future of the digital payment sector, naming Bitcoin specifically.

“Consumers, over the long run, always go to convenience, and Bitcoin is just convenience,” Herjavec said.

He confused Bitcoin with the entire crypto space

The Shark Tank star did, however, appear to confuse the term “Bitcoin” with the cryptocurrency space as a whole. “Part of the challenge with Bitcoin is — there is no one Bitcoin,” he said.

“You can buy different types of Bitcoin, and I think it’s a bit of a fragmented industry,” he…

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