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Kevin O’Leary: “10% of my portfolio is crypto”

2 min read

 

Investors more smart and reactive, even when with large capital available, they are all moving towards greater exposure to the world of cryptocurrencies. This was also the case with Kevin O’Leary from Shark Tank, a very popular investor in Canada.

With some surprise in terms of composition, because in addition to BTC and ETH are present crypto-asset that perhaps few will expect. Good news for the world crypto? More than anything else one confirmation of the fact that in reality we are in a market in which they now also participate big investors.

From 3% to 10% in less than a year

At the beginning 2021 the portfolio of Kevin O’Leary, who is also a very reactive investor towards news, included only one 3% with regard to cryptocurrencies, with the aim of achieving the 7% by the end of the year, again according to the investor’s plans. Today, however, always by his own admission, the quota cryptocurrencies has almost reached the 10%.

All this also in relation to the growth and prospects of BTC, ETH but also, which is perhaps a bit strange for fans of cryptocurrencies classic, with exposure to stablecoins and specifically to USDC. With the blockchain being used by the famous investor as a platform Forex.

How does O’Leary choose their cryptocurrencies?

O’Leary, during a long excurse in his investment strategies, he actually clearly denoted his approach to the world of cryptocurrencies.

I am a software investor – and I invest in cryptocurrency software, because I believe it is a technology that can be disruptive for many industries around the world. Some people think ETH is the only alternative, but I disagree. There are important competitors like Solana and others. If you are an investor like me, you will have to strive for diversification.

An invitation, therefore, actually somewhat in contrast to what we find ourselves hearing from investors of this caliber, to also deal with cryptocurrencies which are not yet emblazoned to the point of entering the portfolios of the main funds. Again according to the legendary investor, the development team that animate the various cryptocurrencies.

Instead of analyzing the pros and cons of each token or coin, I wonder if I can identify the best teams. Who has the best developers? How do I invest in it? What does their ledger do? Should I own a piece of this technology?

Questions that we believe to be very relevant – particularly in a world of cryptocurrencies which is becoming more and more varied, both in terms of number of coin, both for approach to problem solving. Who wants to follow O’Leary he is warned: today we have to fish from a world of emerging projects. With a note: why did you decide to mention Solana?

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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