Kevin O’Leary Reveals Why He Sees Bitcoin (BTC) as a Software, Does Gnox (GNOX) Fit The Bill As Well?

Bitcoin is just software. So says "Mr. Wonderful," Shark Tank star and venture capitalist Kevin O'Leary, a man who has decades of experience in finance and investing. O'Leary predicts that within a decade, blockchain-based financial services will become the S&P 500's 12th sector. Putting his money where is mouth is, he claims to hold a bag of 32 different digital assets, including Solana, Bitcoin, and Polygon. 

According to O'Leary, "Bitcoin is not a coin, it's software." He adds, "If you believe there's long-term economic value in software, then you can give it a 5% weighting within your operating mandate. My larger positions are ones I think look like a great economic proposition." 

Among those larger positions, says O'Leary, is Ethereum, which he also says is software — as is every other cryptocurrency. He's not saying these are software companies, he's saying these are software-powered networks that provide users value. This is a whole new asset class. And proper evaluation methods have yet to be defined. 

So how do you value a software network? "What are you doing to make something less expensive, faster, better, more transparent, auditable? All these metrics should have a weighting to them," O'Leary said. "If you can't see the economic value in something, in the long run, it probably won't survive."

Gnox Token — human-assisted software

So Bitcoin is just software. What if it was more than that? Could it provide more value? 

Time and time again, computer research has shown that the combination of humans and software can produce superior results in many use cases. And crypto investing is a glaring case of the benefits of this symbiotic strategy.

The truth is that well over 90% of investors who use all this amazing new DeFi software end up losing money. This is because it takes years of education and experience to be a successful trader. Moreover, doing the research required to minimize losses and maximize returns is a full-time job. There's no getting around that. While Mr. Wonderful may have the experience and the time (or team) to do the research, you probably do not. 

Here's where the Gnox Token comes into play. 

Gnox is a DeFi investing platform that has developed software to help with the research by aggregating data on all of the various DeFi opportunities out there that offer passive income. A team of highly experienced human DeFi analysts then takes the time to identify and invest in a diversified portfolio of staking, lending, and liquidity pool opportunities.

To fund the treasury, Gnox smart contracts (software) rake a portion of all sales of the GNOX token into a pool. Periodically, gains are cashed in and used to buy back and burn GNOX tokens. This deflationary mechanism (more software) not only keeps the price up but also increases the value of circulating tokens. 

The software also automatically redistributes 1% of all GNOX sales once every hour to all holders of the token. This provides a massive incentive to get on board as early as possible. 

Fortunately for our readers, as early as possible means right now. While the Gnox platform doesn't launch until July 18th, the GNOX token is in presale stage until July 12th. Given the fact that the token is deflationary, and that the value of this token is designed to go up in both good times and bad, it seems like the sky is the limit for this cybernetic DeFi platform. 

Learn more about Gnox:

Join Presale: https://presale.gnox.io/register
Website: https://gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
Instagram: https://www.instagram.com/gnox.io/