Robert Herjavec, an investor on ABC’s popular Shark Tank series, says that the future lies with bitcoin.
Herjavec, founder and CEO of Herjavec Group, said in an interview with Kitco News that bitcoin will be the future of electronic payments.
I’m a big believer in bitcoin, electronic payments in the future but I think we’re a long way away from that.
Herjavec explained that consumers trend towards convenience over time, which will eventually push bitcoin into the mainstream as a form of payment. He also noted that bitcoin reaching $100,000 is “not impossible.” He continued, adding that consumers "over the long run, always go to convenience, and bitcoin is just convenient."
In addition to bitcoin, Herjavec discussed the impact of the coronavirus outbreak on stumbling stock prices and how it would affect global trading.
What I think we all learned yesterday is how truly interconnected the world is in ways that we don’t even think. The coronavirus breaks out in South Korea, [so] why does this affect the global economy? South Korea is the number one shipping point for most goods out of Asia. So anything out of Asia is going through South Korea and if they shut down, how do we get goods?
While bitcoin supporters have argued that the asset offers a “safe haven” from global financial insecurity, the price of BTC has fallen more than 10% since Monday, compared to a 4.5% decline in the S&P 500.
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