Kitco NEWS Interviews
Kitco NEWS Interviews
Kitco NEWS, David Lin
Why Kevin O'Leary thinks gold, not bitcoin, is the ultimate hedge (Pt. 1/2)
12 minutes Posted Dec 23, 2020 at 8:21 pm.
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Kevin O’Leary, chairman of O’Shares ETFs and star of Shark Tank, said that the digitization of America is here to stay, even if the economy opens up again.
O’Leary has sold off his commercial real estate holdings to redeploy capital into the technology, healthcare, and consumer service sectors.
On gold, O’Leary sees the metal as a hedge against inflation, and contrary to what some analysts think, it will not be replaced by bitcoin anytime soon.