My crypto exposure is larger than gold for the first time-
My crypto exposure is larger than gold for the first time-
for the first time
Shark Tank star Kevin O’Leary, alias Mr. Wonderful, has revealed that he has more crypto exposure than gold for the first time. He hopes to be able to increase his crypto allocation to 7% in the next few months and emphasizes: "I see no situation in which crypto will ever disappear."
Kevin O’Leary now has more crypto than gold
Kevin O’Leary has announced that his portfolio is now invested more in cryptocurrency than in gold for the first time. He tweeted on Saturday:
For the first time my crypto exposure is greater than gold.
His comment followed his interview with Daniela Cambone by Stansberry Research, which was published on Friday. Mr. Wonderful emphasized that he is "a creditor" and an investor in crypto, he said: "At the end of the year I hope to be in cryptocurrencies in 7% of our operating company's portfolio." In addition, he said: "I invest in a wide range of different crypto products as a strategy."
The Shark Tank star noticed:
I am happy to listen to everyone, but I'm sorry, I am not agreed if the answer is that you have no cryptocurrencies.
The idea that governments make Bitcoin illegal is far -fetched
o’leary also shared his view as to whether governments could ban cryptocurrencies. Referring to the comments of the founder of Bridgewater Associates, Ray Dalio, who said that governments can kill Bitcoin, if it becomes too successful, he was asked: "Can Bitcoin be stopped ... will the governments win?"
Mr. Wonderful replied: “It is a great debate. The productivity increases that are available through cryptocurrencies and the entire infrastructure of the decentralized financial system (Defi) are too interesting for governments. I do not believe that the US government wants to fall back in the development of new payment systems and online services that through the development of all types of centralized and decentralized financial systems be promoted. " He stated:
so I see no situation in which crypto will ever disappear ... The idea that governments all over the world synchronize and make Bitcoin illegal is in my opinion.
"Crypto no longer only relies on the price of Bitcoin. There are so many other options to invest, especially in blockchain opportunities, Solana, Ethereum ... So many different levels one and then level two are of course the derivatives that are laid on Ethereum and Solana and all the others. In addition.
Bitcoin vs. Gold
to his gold investment, he said: "I have 5% in gold ... I will keep my gold. I see no reason to sell it."
o’leary was asked whether he agreed with the chairman of Virgin Galactic Chamath Palihapitiya, who recently said that Bitcoin "has officially replaced gold . "
he replied: "No. Nothing will replace gold. Gold has been proven for 2000 years. The Romans have heard it. I think what happens is that gold as a property will remain an investment class in portfolios like mine and others."
In terms of the entire crypto industry, O’Leary concluded:
I just see a lot of investment options and I will be an investor in this area.
What do you think of Kevin O’Leary's comments? Let us know in the comment area below.
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