Over the last couple of months, rumours have been growing around Bitcoin and the popular TV reality show Shark Tank. These rumours have circulated on popular news outlets, social media and various media report, claiming that Shark Tank’s hosts, investors and entrepreneurs on the show have endorsed Bitcoin and Bitcoin Trading Technologies on live television.
We’ve been doing a series of investigative post regarding Bitcoin and its endorsements, to establish the truth about these rumours and provide some clarity around Bitcoin scams and fake news regarding the cryptocurrency.
In this post, we will address the rumours around Shark Tank and Bitcoin and establish whether there is any merit in what has been circulating online.
What is Shark Tank?
Shark Tank is an American business reality tv series, aired on ABC. The show made its debut in August 2009 and has grown a stellar audience since then. The show is basically an American franchise of the popular Dragon’s Den tv reality series, it has the same format. Entrepreneurs pitch their budding business ideas to a panel of five wealthy investors or “Sharks”. These investors will then decide to fund these ideas or not, depending on what is pitched to them. Each of the investors on the panel is multi-millionaires. The most recent investors include:
- Mark Cuban
- Kevin O’Leary
- Daymond John
- Robert Herjavec
- Lori Greiner
- Barbara Corcoran
The series has been rated a success in its timeslot, winning the Primetime Emmy award for an outstanding structured reality programme. On the 5th of February 2019, ABC renewed the series for the 11th season. The show is hosted by Chris Sacca and Troy Carter.
Shark Tank and Bitcoin
There have been many rumours around Shark Tank’s endorsement of Bitcoin. There have been reports that Mark Cuban and Kevin O’ Leary have endorsed Bitcoin on one of the live episodes of the show. It is no surprise that these rumours have been circulating online. Mark Cuban’s estimated net worth is estimated at around $4.3 billion and Kevin O’Leary’s net worth is estimated at around $400 million. Both Mark and Kevin are a renowned businessman and any affiliation with these two billionaires could mean overnight popularity.
When did Mark Cuban endorse Bitcoin on Shark Tank?
Mark Cuban is known to be the richest “shark”. He is currently ranking 179 on the Forbes 400 wealthiest people list. He is the chairman of AXS TV, co-owns Landmark Theaters and Magnolia Pictures and owns the Dallas Mavericks professional basketball team. There have been reports that Mark Cuban openly endorsed Bitcoin on Shark Tank. We can now confirm that these rumours were false. Leveraging well-known or renowned businessmen and celebrities is a popular tactic used by affiliate marketers to generate leads to a specific campaign. This is most likely why these rumours started.
How much has Kevin O’Leary invested in Bitcoin Trading Technology?
Kevin O’Leary is the founder of an educational software company and co-founder of Storage Now. He has appeared on Discovery Chanel’s Planet Earth and CBC’s Dragons Den. He is also an author of the best-selling books on financial literacy: Cold Hard Truth on Men, Women and Money and Cold Hard Truth on Family, Kids and Money. Kevin O’Leary also has a wine collection in his honour. There have been reports stating that Kevin O’Leary has invested in Bitcoin trading technologies and other cryptocurrencies, such as Bundil, that allows users to invest in cryptocurrencies with the change from their spending money. We have since established that these rumours are false. We could find no correlation between O’Leary and Bundil or any other cryptocurrency.
Has Chris Sacca Endorsed Bitcoin Trading Technology on Shark Tank?
Chris Sacca is an American venture investor, company advisor, entrepreneur and host of Shark Tank. There have been rumours that Chris Sacca has invested in Bitcoin Trading Technology and has made a huge profit. We can confirm that these rumours are false. Chris Sacca has not invested in Bitcoin Trading Technology at any stage in his career. However, the Bitcoin Trading Technology mentioned in these rumours appears to be legit and a highly profitable tool. We suggest reading our comprehensive Bitcoin Evolution review before ruling out this technology as a scam.
There is a strong likelihood that outlets spreading these reports and rumours are doing so deliberately. Affiliate marketers often leverage popular tv reality series in their advertisements. While the products and brokers they are promoting may not be scams, their tactics make people associate it with scams. For example, CFD trading platforms are commonly associated with scams like the Forex industry, but the Forex industry is illegitimate and viable, only the industry plagued with scammers and these scammers tarnish the reputation of Forex.
We have curated many Bitcoin reviews and most of them have been focused on analysing these Bitcoin trading technologies. This includes how they work, advantaged, disadvantages and whether or not they are legitimate. We recommend you read these reviews before making a decision on whether or not it is a scam