Earlier this year, Kevin O’Leary said that Bitcoin is “useless,” just the latest in a series of attacks launched at the suddenly-resurgent cryptocurrency.
At one point, the “Shark Tank” investor said that Bitcoin has no real value because governments won’t let him pay taxes with it. Now, people on social media have surfaced a six-year-old video of O’Leary defending Bitcoin on Canadian news channel CBC.
Whether or not a currency is legitimate is ultimately determined by an institution like a government, in O’Leary’s view. Governments have no issue seizing and liquidating cryptocurrency, the same way it will with cash or valuables acquired through criminal enterprise.