Kevin O'Leary from Shark Tank advises how to get in Bitcoin - Crypto now 10 % of its portfolio -
Kevin O'Leary from Shark Tank advises how to get in Bitcoin - Crypto now 10 % of its portfolio -
Shark Tank star Kevin O’Leary, alias Mr. Wonderful, has some advice on how to get into Bitcoin or other cryptocurrencies. "It is a wonderful universe. It is a fantastic asset. It is a must if you are an investor," said O’Leary. He also announced that his crypto exposure has grown to around 10%.
Kevin O’Leary has some advice for new crypto investors
Shark Tank star Kevin O’Leary, chairman of O’Shares ETFs, gave some advice for new investors in an interview with Bitcoin Magazine who would like to start in Bitcoin or the crypto room for the first time. published at the beginning of this month.
o’leary was asked: "Do you have any advice for people who are interested in Bitcoin or just get into space?" He replied:
I really advise you to explore this asset, and the way to do this is to start small and understand the platforms. Will you buy it via a centralized wallet? Do you want to decentralize? Try all options, learn from experience.
he added: "The thing with Bitcoin is that you have to learn to deal with it ... There are many different ways to deal with it. There are many different ways to own it."
The Shark Tank-Star then announced that “his 25-year-old son is now in all kinds of owning Bitcoin-all types of acting, all types, to own them, all types. He is the next generation. He has done it alone. He has never been to a bank branch. He never goes to a bank.”
o’leary continued: "Gen z and millennials and now baby boomers learn. They make mistakes. I know that people have lost their coins, but they did it on a small basis. And they don't make this mistake again. They create an awareness of how."
he emphasized:
It is a wonderful universe. It is a fantastic asset. It is a must if you are an investor, and then it's about how you do it. But it's about education.
o’leary noticed that the good news is that there is a “community that provides an enormous online resource. You can only spend three or four hours with it and you will ... pretty well informed about what Bitcoin is, how it works and how you have it.”
During a Reddit Talk session on Thursday, he explained that his crypto stocks include a number of cryptocurrencies as well as companies and products in this area, such as companies that build up decentralized wallets. "So at the end of the year we will end with a very important stock of crypto-assets, and it is not just Bitcoin," he said.
While the Shark tank star did not open all of his crypto stocks, he confirmed that he had Bitcoin, Ether and USD, among others. He admitted that he has "a lot of Ethereum". He bought his first coin in 2017.
Mr. Wonderful revealed:
I have remarkably expanded the portfolio. At the beginning of the year I was weighted at 3%. The aim was to reach 7 % by the end of the year. Due to the upgrading of so many assets that I have now, we are almost 10 %today.
At the beginning of October, he said that his crypto-exposure more than gold for the first time. In September he said he expected a "trillion dollar" flow into btc .
last month reported Bitcoin.com News about his Shark Tank-Co-Star Mark> Mark Cuban , the owner of the NBA team Dallas Maverick when he gave new crypto investors some advice.
What do you think of Kevin O’Leary's advice to get started in Bitcoin and crypto? Let us know in the comment area below.
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