With the introduction of the first Bitcoin BTC/USD ETF, the cryptocurrency landscape has evolved, making Bitcoin accessible to a wider audience.
However, “Shark Tank” star Kevin O’Leary holds a firm stance on the merits of direct Bitcoin ownership over investing through an ETF.
In a recent interview with TheStreet, O’Leary acknowledged the importance of the first Bitcoin ETF as a milestone for wider adoption.
He also highlighted the unnecessary fees associated with ETFs and the benefits of direct ownership.
“I think it’s great that finally we have a Bitcoin ETF because there’s many people that would own Bitcoin through an ETF. I would never do that. Why would I pay the fees? There’s no added value to an ETF. I just own the coin directly,” O’Leary explained, emphasizing the direct approach to cryptocurrency investment.
However, he sees the advent of the Bitcoin ETF as a signal towards the end of the “crypto cowboy” era and a step…
