Fun

Kevin O’Leary Shares Crypto Investing Strategy — 20% of His Portfolio Now in Crypto and Blockchain

News Feed - 2022-03-13 12:03:09

Kevin O"Leary Shares Crypto Investing Strategy — 20% of His Portfolio Now in Crypto and Blockchain


Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has shared his cryptocurrency investment strategy. He revealed that 20% of his portfolio is now in cryptocurrencies and blockchain. “The whole point is you don’t know who is going to win.” Kevin O’Leary’s Cryptocurrency Investment Strategy


O’Shares ETFs chairman and Shark Tank star Kevin O’Leary has shared his crypto investment strategy in an interview with CNBC Friday.


Firstly, he said one-fifth of his investment holdings are tied up in cryptocurrencies or companies operating in the crypto space. Mr. Wonderful said: I have millions of dollars, 20% of my portfolio is now in cryptocurrencies and blockchain.


In November last year, he said that crypto accounted for 10% of his portfolio. His investments in cryptocurrency exceeded his gold investments for the first time in October last year.


O’Leary was asked whether some cryptocurrencies will be around in a decade. Noting that he factored that risk into his strategy, the Shark Tank star emphasized: You have to be diversified. I own 32 different positions, including equity FTX itself.


O’Leary became a paid ambassador and spokesperson for FTX, the crypto exchange founded by 30-year-old billionaire Sam Bankman-Fried, in August last year.


The Shark Tank star elaborated: The whole point is you don’t know who is going to win. Is Ethereum going to win? Is Solana going to win? Is it Helium or is it Avalanche? I own them all.


Commenting on the executive order on the regulation of cryptocurrency signed by President Joe Biden Wednesday, Mr. Wonderful said: “It wasn’t an all-out ban, so that’s good news.”


Many people in the crypto industry welcome Biden’s executive order. Some say it provides legitimacy to crypto while others are glad that it does not contain extremely restrictive measures they had anticipated.


However, O’Leary expressed concerns about the way Biden’s directive includes an emphasis on climate risks associated with cryptocurrency. He said he sold his positions in publicly traded bitcoin mining firms after Biden’s executive order.


Last week, the celebrity investor revealed that he had a meeting with a group of U.S. senators regarding cryptocurrency regulations, particularly how they apply to institutional investors. He has been saying for quite some time that the price of bitcoin will “appreciate dramatically” when institutions are able to invest in cryptocurrency. He expects that it would take two to three years. Tags in this story kevin o"leary, kevin o"leary bitcoin, kevin o"leary crypto, kevin o"leary cryptocurrency, Kevin O"Leary investing strategy, Kevin O"Leary investment strategy, Kevin O"Leary portfolio


What do you think about Kevin O’Leary’s comments? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Apple Co-Founder Steve Wozniak Expects Bitcoin to Hit $100K — Says "I Just Really Feel It From All of the Interest" FEATURED | 9 hours ago Stripe Brings Back Crypto Support After 4 Years — Says "Crypto Is Going Mainstream" FEATURED | 11 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleApple Co-Founder Steve Wozniak Expects Bitcoin to Hit $100K — Says ‘I Just Really Feel It From All of the Interest’ Next articleDOJ Task Force ‘KleptoCapture’ to Target Crypto Exchanges in Sanctions Evasion Crackdown Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItSouth African Mobile Network Operator MTN Buys Land in the Metaverse


Mobile network operator MTN recently staked claim to its status as one of the first South African companies to enter the metaverse, after it purchased 144 plots of digital land in the virtual world Ubuntuland for an undisclosed amount. MTN ... read more.While the Fed Monitors the "Ukraine Situation Closely," Powell Still Expects a Series of Quarter-Point Rate Hikes Proof-of-Work Ban Removed From Europe’s Proposed Crypto Regulation Mobius Capital Founder Explains Why Bitcoin Is Rallying Amid Russia-Ukraine War UK Regulator Bans Floki Inu Ad for Being Irresponsible, Exploiting Investor FOMO

News Feed

Fed Chair Powell: We’re Not Seeing Significant Macroeconomic Implications From Crypto Sell-Off
Fed Chair Powell: We"re Not Seeing Significant Macroeconomic Implications From Crypto Sell-Off Federal Reserve Chairman Jerome Powell says the central bank is “not really se
Leading Auction House Sotheby’s Auctions 107 Bored Ape Yacht Club NFTs for $24 Million
Leading Auction House Sotheby"s Auctions 107 Bored Ape Yacht Club NFTs for $24 Million The British-founded American multinational corporation headquartered in New York City, Sotheb
Japanese public firm Metaplanet buys another $2.5M of Bitcoin
Helen Partz14 hours agoJapanese public firm Metaplanet buys another $2.5M of BitcoinAfter completing the latest purchase, Metaplanet holds 203,734 BTC bought at an average price of around $62,000 per coin.2098 Total view
Raydium Breaks Key Level Showing Relative Strength – New Highs Next?
Este artículo también está disponible en español. Raydium (RAY) has had an exceptionally bullish week, surging over 62% in less than six days and capturing the spotlight
Pump.fun flips Ethereum in 24-hour revenue generation — DefiLlama
Alex O’Donnell7 hours agoPump.fun flips Ethereum in 24-hour revenue generation — DefiLlamaThe Solana memecoin creation tool’s cumulative fee revenues are approaching $75 million, according to DefiLlama.8100 Total v
Crypto enthusiasts warn against naira trade ban on exchanges
Amaka NwaokochaJun 08, 2024Crypto enthusiasts warn against naira trade ban on exchangesDue to the rapid decline of the naira and the resulting almost three-decade-high inflation rate of 29.9%, the Nigerian government has
Northern Data AG Acquires Bitcoin Miner Bitfield — 33,000 Miners Gained in Stock-for-Stock Deal
Northern Data AG Acquires Bitcoin Miner Bitfield — 33,000 Miners Gained in Stock-for-Stock Deal On Monday, the high-performance computing (HPC) infrastructure provider and bitcoi
Prashant Jha4 hours agoCoinbase CEO stands up for DeFi, Polygon says $1B ZK-rollup paying off: Finance RedefinedCoinbase’s CEO has become the latest ally of the DeFi space, calling for apt regulations of the ecosystem
Defi Protocol That Bragged About Having Flash Loan Attack Prevention Hacked for $6 Million
Defi Protocol That Bragged About Having Flash Loan Attack Prevention Hacked for $6 Million A decentralized finance (defi) protocol that bragged about having flas
Bitcoin Price In Trouble? Bearish Divergence That Led To Market Crash Last Cycle Returns
Este artículo también está disponible en español. Crypto analyst Kevin Capitalhas suggested that the Bitcoin price may be in trouble. This follows his revelation that a b
Nvidia eyes Indonesia for $200M AI center amid global AI scramble
Savannah Fortis10 hours agoNvidia eyes Indonesia for $200M AI center amid global AI scrambleThe world’s leading AI semiconductor chipmaker, Nvidia, has teamed up with the Indonesian government and telecom provider Indo
Tesla’s Q4 Balance Sheet Shows Bitcoin Holdings Worth $184 Million
Tesla"s Q4 Balance Sheet Shows Bitcoin Holdings Worth $184 Million Tesla’s latest balance sheet shows the company’s bitcoin holdings worth $184 million. Tesla did not