Shark Tank investor Kevin O’Leary has offered both encouragement and warning to Bitcoin investors in a recent interview on CNBC’s Make It. He offered a stiff warning for those who don’t understand Bitcoin, and an encouragement that the cryptocurrency is definitely an asset, if not a viable currency.

O’Leary was quick to point out that those wanting to invest in Bitcoin but who don’t understand it may create a ‘cocktail for disaster.’ He said:

"I'm quite sure that 99 percent of the people that own Bitcoin do not understand how it works. That always is a cocktail for disaster. You should never invest in something you don't understand.”

Not a viable currency, but successful asset

Additionally, O’Leary made it clear that, at this stage, Bitcoin is not suitable as a currency for transactions. In his own experience, he was unable to complete a $200,000 transaction because the other party was concerned over volatility.

Nevertheless, the famous investor was not completely down on Bitcoin either. He views the cryptocurrency as one of the most successful assets in the world, based on global speculation.

In the final analysis, he concluded, Bitcoin may go up or down, and so it’s more of a gamble than an investment. He advises investors to only put in what they can afford to lose, saying: