Shark Tank Host Bullish on Bitcoin, but He’s Refraining from Investing in It

February 21, 2018

Robert Herjavec is expressing optimism over Bitcoin having more room to run, but the spate of hacks have him anxious about investing in it.

Famously known for their harsh words to startup business owners, the characters of the television show “Shark Tank,” are weighing in on the crypto space.

The latest shark to speak up is millionaire investor Robert Herjavec, and he’s expressing very  positive thinking about Bitcoin.

In a series of rounds with media outlets, Herjavec, who is CEO of the cybersecurity firm Herjavec Group, has said he sees Bitcoin prices have more room to run.

Let’s discuss.

A rare moment of agreement with Cuban

On the Shark Tank show, Herjavec often finds himself in disagreement with co-shark Mark Cuban. However, when it comes to cryptos, the two are on the same wavelength.

While Cuban was at first a crypto critic, he completely switched gears last year. He even went so far on his bullish stance as to say:

“…if you’re a true adventurer and you really want to throw the Hail Mary, you might take 10% and put it in Bitcoin or Ethereum.”

And earlier this year, Cuban announced that he will allow fans of his NBA Dallas Mavericks to purchase their tickets with certain cryptos, including Bitcoin, starting next season.

All this is copasetic for Herjavec, who recently said to finance media outlet TheStreet, that he was “very bullish” about Bitcoin, in particular.  So bullish is he that he thinks the price of the crypto will be sitting above $19,000 at some point this year.

To Money, he said:

“To me, it’s the wave of the future. Fast forward 25 years from now, there will be some form of a cryptocurrency that we will pay for electronically, and the concept of cash will go away one day.”

Not putting the money where his mouth is

Oddly, Herjavec is not personally invested in any cryptocurrency.

“Cryptocurrency is the choice of funding and transactions for hackers. And since we’re the good guys, I can’t get behind [that]. If there was no cryptocurrency, much of the large hacks that we’re seeing today wouldn’t exist.”

Herjavec also cautions on future price falls.

“As regulations come out, prices will come way down.”

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