Shark Tank star Barbara Corcoran, the entrepreneur who turned a $ 1,000 loan into a billion dollar real estate empire, says she will get rich by investing in real estate, not cryptocurrencies. The American investor takes every extra penny she has and puts it into real estate. She emphasizes that this way she will get rich nice and slowly.
Investing in Real Estate vs. Cryptocurrency
Real estate entrepreneur Barbara Corcoran shared her opinion on cryptocurrency and Bitcoin in an interview with TMZ this week in Union Square in New York City.
Corcoran is the American investor known for building a $ 1 billion real estate empire with a $ 1,000 loan. She is also a star on the popular ABC television show Shark Tank and the author of the bestselling book Shark Tales: How I Made a Billion Dollar Business Out of $ 1,000.
First, she was asked if “cryptocurrency is all the rage right now”. The shark tank star immediately replied, “Of course.”
Given that she is an old school investor, Corcoran was asked if she thought investors should get into cryptocurrencies now.
“I have so many bright business people that I know jumped on and want me on the train with them. Not me. I take every penny that I put into real estate. It’s a slow way to get rich, ”she explained, adding:
I know that if I invest in real estate I will get rich nice and slowly.
In the meantime, their Shark Tank colleagues Kevin O’Leary and Mark Cuban have accepted cryptocurrencies. O’Leary has 3% of its portfolio invested in Bitcoin and Ether and also wants to invest in companies that make “clean” Bitcoins. Earlier this month, he announced that he would not buy “blood coins from China”.
Cubans said in March that Bitcoin is better than gold. His NBA team, the Dallas Mavericks, has accepted the meme cryptocurrency Dogecoin for tickets and merchandise sales. He has a portfolio of Bitcoin, Ethereum and other cryptocurrencies and has invested in companies in the crypto space.
Do you agree with Barbara Corcoran that real estate is a better investment than cryptocurrency? Let us know in the comments below.
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