Jennifer Sanasie is an anchor and producer at CoinDesk. She is a seasoned journalist, entrepreneur, and Web3 enthusiast who has made a significant impact in various industries.
Kevin O 'Leary, chairman of O'Leary Ventures and"Mr. Wonderful" on"Shark Tank," spoke with CoinDesk's Jennifer Sanasie. The following is a lightly edited transcript of theirAlright, I gotta talk about that background. It just looks so lovely. What? Where? Are you sitting by a pool right now?It's right behind me, it's the Hamptons. I thought it would celebrate a summertime moment.
in its early days or the New York Stock Exchange and be an owner of the exchange where you're agnostic. You know, of course you'd say yes, because you're agnostic to the price of the assets that trade there. You get a fee every time they trade. And so for me, you know, when I start to think about digital payment systems outside of Tether, I really want to be USDC. Where do I get the leverage on USDC other than owning it? And I can stake it or lend it, which I do.
They were against bitcoin because it was at war with the regulator. That's changed now. So Oklahoma recently changed at the state level their taxes on bitcoin mining and now it's pro-bitcoin mining. So rather than invest in stocks of bitcoin miners, I'm just doing my own mining. I'm going and buying power contracts. I'm very fortunate to know some of the largest bitcoin miners so I can go into partnership with them and build facilities.
If you could just open an account on an exchange like M2 or WonderFi, transfer in whatever the dollars you want from Fiat, and then actually have that as an app that's secure and is completely compliant with your regulator and your tax authorities, why would you pay the fees on an ETF? I don't understand why you would do that. I think 80% of the people will eventually go to the exchanges the same way that they go to exchanges for stocks. And so, I see very low fees.
So they're not interested in a rogue 5% position. It's going to cause them headaches every day on a mark-to-market basis. And so I think a lot of the early pioneers, if you wish, you want to call them that, the crypto pioneers that are still around, understand that compliance was the key to unlock value. And it will remain that way. And I've certainly come to that way of thinking. I don't think any other way.
I'm very proud of it because I'm agnostic. I'd give money to a goat if I could make money. I mean, I'm not into this sexism stuff. I think women are fantastic managers. They reduce risk immensely. If you want something done, give it to a busy mother. I'm thinking about Sarah right now who runs Blue Land, another monster company that has crystallized cleaning fluids. She's gonna hit 50 million in sales this year. I invested in her when I think she had no sales.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shark Tank's Kevin O’Leary says how he'd fire the Secret Service chiefKevin O'Leary reveals how he would deal with the Secret Service director
Read more »
'I Can't Say Enough Good Things': 27 Shark Tank Products That Are Actually Worth BuyingAnd for that reason, I'm *in*.
Read more »
Kevin O’Leary details how he would fire the Secret Service chiefO'Leary Ventures Chairman Kevin O'Leary tells FOX Business' Stuart Varney how he would fire Secret Service Director Kimberly Cheatle.
Read more »
Kevin O'Leary Raises Red Flag About Housing Market in 3 StatesCertain parts of the country are facing a dearth of existing homes for sale because of high mortgage rates.
Read more »
'Shark Tank' star explains why CEOs and business leaders see Trump as the 'better' optionBillionaire CEOs who have publicly endorsed Donald Trump are likely anticipating a de-regulated business environment, according to 'Shark Tank's' Kevin O'Leary.
Read more »
Gilbert company's 'Shark Tank' appearance leads to major Home Depot dealWhen Gilbert-based Slick Barrier appeared on ABC-TV’s 'Shark Tank' in 2023, the company landed a $500,000 investment from entrepreneur Lori Greiner.
Read more »