Shark Tank’s Barbara Corcoran Advocates Getting Rich by Investing in Real Estate, Not Cryptocurrencies

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Shark Tank’s Barbara Corcoran Advocates Getting Rich by Investing in Real Estate, Not Cryptocurrencies

Shark Tank star Barbara Corcoran, the entrepreneur who turned a $1,000 loan into a $1 billion real estate empire, says she’ll get rich by investing in real estate, not cryptocurrencies. The American investor takes every extra penny he has and invests it in real estate, pointing out that he is slowly getting richer this way.

Real estate investments and cryptocurrencies

Real estate entrepreneur Barbara Corcoran shared her views on cryptocurrencies and bitcoin in an interview with TMZ this week while walking around Union Square in New York City.

Corcoran is an American investor known for building a billion dollar real estate empire for just $1,000. She is also the star of the popular ABC television show Shark Tank and the author of the bestselling Shark Tales: How I turned $1,000 into a billion-dollar business.

First, he was asked if cryptocurrencies are currently a fad. The Shark Tank star responded quickly: Yes, of course.

Corcoran, an investor of the old school, was asked if she thinks investors should get into cryptocurrencies now.

I have so many smart business people who have jumped on the bandwagon and want me to go with them. I don’t know. I’ll take every penny I invested in real estate. It’s a slow way to get rich, she said:

I know that investing in real estate will make me well and slowly rich.

Meanwhile, fellow Shark Tank members Kevin O’Leary and Mark Cuban are getting into crypto-currencies. O’Leary has 3% of his portfolio invested in bitcoin and ether, and also plans to invest in companies that produce pure bitcoin. Earlier this month, he said he would not buy blood coins from China.

In March, Cuban said bitcoin was better than gold. His NBA team, the Dallas Mavericks, has accepted crypto currency stockings for ticket and merchandise sales. He has a portfolio of Bitcoin, Ethereum and other cryptocurrencies and has invested in cryptocurrency companies.

Do you agree with Barbara Corcoran that real estate is a better investment than cryptocurrencies? Let us know your comments in the section below.

Photo credit: Shutterstock, Pixabay, Wiki Commons

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Emilia James
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