Kevin O'leary's attention-grabbing China and Bitcoin announcement!

 

Kevin O'leary on Monday called for “extremely aggressive steps” to be taken between China and the United States to stabilise the economic situation.

The head of the O'shares ETF, who admits to keeping China under surveillance, told CNBC's Hadley Gamble that the United States should face some hurdles for Chinese companies because that's exactly what China is doing to American companies in its own country.

That could include removing Chinese stocks from the list and removing Chinese companies from the American court system, he explained, adding that China is a producer but faces barriers to selling to the Chinese market.

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"I can't sell my product there, but they enjoy these advantages in Europe and North America.”

Competition between China and the United States over technology and trade has sharpened in recent years. President Joe Biden said America and its allies should hold China accountable for “coercion and abuses that undermine the foundations of the international economic system.”

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O'leary said he thinks Trump is much more effective on China-related policies because China only understands the threat. O'leary, who thinks European countries will not take a strong stand against China because they trust China, said: “the idea that we will form a coalition... that will not happen. by saying ” expressed their opinions about the topic.

O'leary also shared his thoughts on Bitcoin investments

O'leary noted that later on, he acknowledged the existence of only two types of coins and would only receive clean coins issued in countries that use sustainable clean energy. Of the two types of coins he mentioned, the other is Coins extracted using coal in China, which he calls “bloody coins”. "I'm on the clean side of bitcoin. saying, ” he said.

Although he does not give information about where he obtained what he called “clean” Bitcoin, in some countries and companies, it is known that renewable clean energy is used more often in Bitcoin mining.

We know that the president of the O'shares ETF once called Bitcon garbage. However, O'leary changed his mind and also stated that he would allocate 3% of his personal portfolio to cryptocurrency.

O'leary, who said the institutions did not want to support China because of its human rights problems, said he did everything he could to ensure that every coin he personally owned was in compliance with the terms.