Kevin O'Leary is a Canadian investor, but he is more famously known for being the driving force behind reality TV series "Shark Tank." In that show, he portrays skepticism about how things are panning out and why they're being done. His latest project, International Real Estate reveals, is all about cryptocurrency and its connection to an unlikely partner--real estate.
O'Leary's excitement for the show spilled out during CNBC's March 19 "Fast Money" episode. The investor-turned-reality star said that there was something happening in New York City. He revealed the details--how much coin is involved, how it's under the NDA, and how the backer of the cryptocurrency is the "owner of a very prestigious brand hotel" in NYC.
The reality TV star, however, wanted assurances for the project. He related how he wanted the US Securities and Exchange Commission (SEC) getting involved. He also wanted more shares and coins involved, with a "smart" contract prepared for it instead of a real-life one. O'Leary shared his excitement and how the project was going to change the landscape in terms of cryptocurrency.
If there's anyone who's a perfect fit for the cryptocurrency show, it would be the "Shark Tank" host himself. Recently, on CNBC, O'Leary shared his thoughts about it. He said that most people make the mistake of assuming that it's currency and it operates just like real-world money. The thing to understand about it, according to the host, is that it's quite something else, based solely on how volatile its values are. The securities involved with trading it is another factor.
Many believers in the cryptocurrency have since backed Kevin O'Leary, with most under the impression that it was the next logical step in the evolution of money. O'Leary explains how the contract entitles the owner to a perpetuity of ownership and how it's going to become traded in transactions like real estate purchases and investments.
Belief, according to O'Leary, is what will finally bring the cryptocurrency from obnoxious origins to the realm of possibility. For that to happen, however, people need to study on the blockchain, what it really is, and what it does. Kevin O'Leary is willing to guide people by the hand on it.
