Canadian Entrepreneur and Investor Kevin O’Leary Believes ETH Will Become Ultrasonic Money

Reading Time: < 1 minute

Kevin O’Leary, a well-known Canadian entrepreneur, TV presenter and investor, has said that he believes Ethereum will become ultrasonic money in the near future.

The statements come just a few days after the London hardfork took place on the Ethereum network. Among other feature, the fork includes a new fees burning system.

O’Leary took to Cameo, a platform that allows users to purchase personalized video messages from celebrities – to participate in the Ethereum upgrade. In the video, O’Leary says:

“Currently the fees that users pay to send transactions go to the miner, but after this improvement, the fees will be burned.”

He added:

“If Bitcoin is sound money because of the $21 million supply ceiling [Ethereum] is ultrasound money because there is no supply floor.”

If you like our content and want to support us, please follow us on X, Facebook and Instagram and don’t miss the latest news!