FTX Signs Bitcoin Skeptic, Kevin O’Leary, as its Ambassador; Deal to be Paid in Crypto
Cryptocurrency exchange FTX has partnered with venture capitalist and Shark Tank investor Kevin O’Leary for the long term. Kevin will serve as an ambassador and spokesperson for the rapidly growing platform.
Much like FTX’s partnership with Tom Brady and Gisele Bundchen, Kevin will be taking an equity stake in FTX.com and FTX.US and will be paid in crypto. Kevin said in a statement,
“Institutional investors struggle with the decision to invest in crypto assets. Not because they don't want to, but because they have difficulty in knowing with certainty that they will be 100% compliant with regulators and reporting requirements. I am no different.”
With this, Kevin reiterates his statement from last December, when he said that institutional sovereign fund investors don’t want to jump on the Bitcoin bandwagon because “they fear the regulator.” But at the time, he also said that he's “waiting for the day that one of these regulators comes down hard on bitcoin. Grown men are going to weep when that happens,” adding, “this is just ether.”
Just about three months back in April, he called Bitcoin a “blood coin” mined in China using coal, adding, “No blood coin for me.”
“I’m not buying coin unless I know where it was mined, when it was mined, the provenance of it,” he said at the time.
Now he has partnered with FTX, and as per the official announcement, Kevin asked that his compensation be paid in crypto assets.
According to him, to find crypto investment opportunities that met his rigorous compliance standards, he has signed a multi-year deal with FTX. Sam Bankman-Fried, Founder and CEO of FTX said,
“It's exciting to have a true icon in our corner, and we're thrilled to have a partner like Kevin that shares our views on the importance of compliance.”