Kevin O'Leary reveals crypto strategy why he prefers Ethereum and says NFTS will be larger than Bitcoin-
Kevin O'Leary reveals crypto strategy why he prefers Ethereum and says NFTS will be larger than Bitcoin-
Shark Tank star Kevin O’Leary, alias Mr. Wonderful, shared his investment strategy for cryptocurrencies and which coins he has. He also spoke about cryptoma market bubbles, diversification, regulation and why, in his opinion
Shark Tank star Kevin O’Leary spoke in a recently published about cryptocurrency, his investment portfolio, diversification, market bubbles, meme coins and non-fungible tokens (NFTS). Interview Forbes, published on Friday. He explained that he saw "the entire crypto industry as a software development team" and added that he rely on "really strong creative software engineers". While he was talking about his cryptocurrency stocks, he revealed: ether is my biggest position, larger than Bitcoin. "This is because so many financial services and transactions are on it," the Shark Tank -Star described. "Even new software such as polygon is being developed, the transactions are consolidated and the total costs in terms of gas fees reduced to Ethereum." o’leary then mentioned some of the cryptocurrencies he owns and explained: I have Hedera, Polygon, Bitcoin, Ethereum, Solana, Serum - these are bets on software development teams and there are many, many applications for it. In addition, Mr. Wonderful added that he was "a significant and essential position in USDC" and noticed that he "started paying for assets and being paid in the stablecoin". "Ultimately, the speed and the degree of acceptance determine the success and value of the platform. This happens when the team has developed a platform that solves an economic problem," he said. o’leary continued to give his opinion on meme cryptocurrencies. He found that "long -term coins are without economic value because they do not solve or create anything," he warned: I am very skeptical about meme coins. The Shark Tank Star was also asked if he thinks bitcoin or other cryptocurrencies for a bubble. He replied: "You have to recognize that the market is the market. Nobody can manipulate it, even if people say that they can ... Every second, millions of decisions are made about what is worth something. And that applies to every market, whether tulips, watches, bitcoin, real estate or gold."
"In the long run it is a stupid game and you can't win," he emphasized: You can't know when it is a bladder, you just can't. And if you think you are doing it, you are absolutely wrong. o’leary believes in the diversification of the portfolio. The proportion of cryptocurrency of his portfolio was growing . He stated that the cryptocurrency at some point "could reach 20% of my operating company - but at the moment it is about 10.5%". He made it clear: In this portfolio there is no token coin or chain that makes up more than 5% of this portfolio. So yes, I add and trim actively based on volatility. In addition, he said that he was stuck a lot. "Most of my positions are now being demolished," he confirmed, noticing that he used the FTX crypto exchange to stake. Mr. Wonderful in October that he participated in the crypto exchange and "Paid in crypto to act as an ambassador and spokesman for FTX". When asked whether the US stock exchange supervisory authority (SEC) may have some of the cryptocurrencies he owns, as securities and what it will do in this case, O’Leary answered immediately: As soon as the information comes out, I don't want to have anything to do with them anymore. If I had a position, I would sell it. I have no interest in conflict because of my crypto portfolio with the supervisory authorities. I want to be 100% compliant. er target = "_ blank" class = "lar-automated-link" href = "https://markets.bitcoin.com/crypto/xrp" rel = "noopener"> xrp in November. xrp is the subject of a second lawsuit against Ripple Labs and its executives Brad Garlinghouse and Chris Larsen. "I have no interest in investing in legal disputes against the Sec. This is a very bad idea," he emphasized. o’leary also not discussed fungle token (NFTS). "They offer so much value in terms of authentication, inventory management and all types of applications in different investment classes," he described and added: I think that fungible tokens will not be larger than Bitcoin. he continued to draw attention to his NFT project. "I prefer NFTS who are bound to Hard Assets, physical assets; I am working on the development of a white paper for the watch industry," he said. "I made an important investment in Jordan Fried's company Immutable Holdings, which belongs to NFT.com, which he launched in January, as well as Wonderfi." What do you think of Kevin O’Leary's comments? Let us know in the comment area below. Bedy verification : Shutterstock, Pixabay, Wiki Commons Kevin O’Leary talks about his crypto investments, market bubbles and NFTS
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